While it would seem like credit card compliance issues are in the rearview mirror, now is the perfect time for credit unions to review their procedures to ensure they remain compliant.
Former National Federation president's current agency job now posted.
Whether it's a question about member business lending or which activities CUSOs are allowed to engage in, CUSO executives said the NCUA's guidance letters have long been a go-to for answers and regulatory interpretations.
In Senate hearing Tuesday, agency director also defends $95 million cost of CFPB building work.
Agency handles growing number of requests as compliance gets more complicated.
Special page on CFPB's website provides information lenders are required to provide borrowers per new mortgage rules.
Consumers can now allege wide range of problems to federal authority.
Members write banks in their districts will not be ready in time.
WASHINGTON—Richard Cordray, director of the Consumer Financial Protection Bureau, defended his agency’s qualified mortgage regulations against recent criticism during the Mortgage Bankers Association annual convention here Oct. 28. (See more coverage on page 3.)
Chief economist Bill Hampel testifies on housing finance reform Tuesday before Senate Banking Committee.