CFPB director sets the record straight on new rules and their effect on credit union mortgage lending.
CUNA told the NCUA in a comment letter on Friday that the agency’s proposed diversity standards would place a burden on credit unions.
Comment period on proposed multi-agency rule closed Friday.
The Republican-led House Financial Services Committee grilled the CFPB director on building renovations.
CFPB Director reassures Realtors credit unions can still make mortgage loans that don't conform to the bureau's qualified mortgage rule, which took effect Jan. 10.
Participants can submit questions to the CFPB director and NCUA board chairman on any credit union or CFPB topic.
Regulator also encouraged NAR members to spread awareness of CFPB's online complaint database.
Agreement with CFPB also calls for company to provide $2 billion in principal reduction to underwater borrowers.
Multi-agency council suggests creation of risk management program for social tools.
A group of 26 U.S. senators wrote a letter to CFPB Director Richard Cordray urging him to delay new mortgage rules set to take effect in January 2014.