News

NAFCU Brokers a "Workable Solution" on Mortgage Bankruptcy; CUNA Favors Narrower Approach

Working with consumer groups and members of Congress, NAFCU said that a compromise it sought over H.R. 3609, the Emergency Home Ownership and Mortgage Equity Protection Act, allowing bankruptcy judges to alter mortgages shall be limited to subprime and non-traditional loans, was included in a manager's amendment at mark up.