The definition of what or will not constitute a qualified residential mortgage may be the most important and least appreciated or understood financial regulation facing credit unions this year.
This look at a key Aug. 1 deadline is just one of the articles that will appear in the next edition of Credit Union Times.
SAN ANTONIO — The NCUA and other regulators are over regulating to prevent another financial crisis, and CUNA is trying to push back to give credit unions more autonomy. That was the message of CUNA's top executives during a panel discussion at America's Credit Union Conference.
Regulators are overregulating, according to top CUNA executives at its annual conference, who say they're trying to strike a balance.
Credit union mortgage organizations and trade associations are casting a wary eye on a proposed regulation meant to encourage issuers of mortgage-backed securities to use safer mortgages to back their bonds.
Credit unions should continue to throw themselves body and soul into fighting a looming cap on debit card interchange, but should do so without any significant expectation that they will succeed.
WASHINGTON — Experts familiar with the debit interchange fight urged credit union leaders at CUNA's Governmental Affairs Conference to prepare for the best on the pending rule but prepare for the worst.
Thomas Candon, NASCUS chairman and deputy commissioner of the Department of Banking, Insurance, Securities & Health Care Administration in Vermont, discussed what his department is seeing at CUs and the internal struggles regulators are facing.
Congress hasn't scrutinized the NCUA's handling of the problems at corporate credit unions very much.
CUNA and NAFCU criticized proposed Federal Reserve rules that would increase disclosure requirements on credit protection products but had more mixed assessments of other parts of the plan.