WASHINGTON — CFPB director tells confab that 95% of current mortgage lending will qualify.
Dodd-Frank mandate requires CUs with more than 100 employees to file annual diversity self-assessments. NCUA will not use the exam process to assess diversity.
Among Thursday hearings postponed by congressman's passing was session on proposed CFPB changes.
Agency joins other regulators in addressing concerns about liability under Equal Credit Opportunity Act.
Trade group says credit unions cite third-party vendor issues, fear that lending could slow or stop.
The Consumer Financial Protection Bureau's online complaint database should be expanded to include all of the nation’s credit unions and banks, regardless of size, according to National Community Reinvestment Coalition analysis released Oct. 8.
Compliance helps innovation rather than hinders it, according to Andrea Stritzke, vice president regulatory compliance at PolicyWorks.
Bureau provides clarification on contacting delinquent borrowers and guidance on home retention efforts after a borrower dies.
The $4.2 billion Pennsylvania Employee Credit Union is getting out of the student loan business, but Harrisburg, Penn.-based credit union’s decision isn’t related to recent criticism directed at loan servicer Sallie Mae.
The CFPB’s online complaint database should be extended to include all the nation’s credit unions and banks, regardless of size, NCRC report says.