News

The Consumer Financial Protection Bureau proposed some tweaks and clarifications to its January 2013 mortgage rules on June 24, addressing some credit union concerns.

Sens. Mark Warner (D-Va.) and Bob Corker (R-Tenn.) introduced legislation June 26 that would reform Americas housing finance system by replacingthe government-sponsored enterprises Fannie Mae and Freddie Mac with a privately capitalized system.

Catholic Federal Credit Union, Saginaw, Mich., recently awarded $123,000 to 295 students with its Msgr. Forbes Scholarship Fund. The college scholarships are open to members of the credit union who meet the criteria based on financial need, community involvement, educational and occupational goals, grade point average and other requirements. ...

Ask credit union CEOs what keeps them tossing and turning at night, and odds are the answers will focus on a growing flood of regulations and compliance issues.

It seems safe to say the Brooklyn Cooperative Federal Credit Union was less than satisfied with its previous security firm.

Rule finalized in June now to kick in on Sept. 23 instead of July 25, with guidance promised by then.