WASHINGTON–CUNA has told the CFPB it supports the Bureau’s Regulation X amendments regarding streamlined modifications, but said it also “strongly objects” to a proposed moratorium on foreclosures until 2022.
Fresh Today
ARLINGTON, Va.–The Federal Reserve is giving new attention to payments-related issues, including, according to one analyst, reopening one divisive argument over what is going to involve powerful players who have been at this same table before.
WASHINGTON–A new report from CUNA has found 51% of U.S. credit union CEOs are women. While that figure that is significantly higher than banks, the CUNA data show the percentage of women who hold the top job in credit unions hasn’t changed in five years.
WASHINGTON—Disappointing jobs numbers released last week are the result of a number of factors, according to one analyst, who remains optimistic job growth will be robust in the remainder of 2021.
WASHINGTON—Before NCUA adds an “S” to its CAMEL rating system, credit unions deserve a “detailed explanation” of the changes as they relate to the examination system, according to a comment letter filed with the agency by NAFCU.
ARLINGTON, Va.–When NAFCU hosts its annual CEO and Senior Executives Conference in Key West, Fla., this week, the meeting will reflect two signs of the times: it’s being held as a hybrid virtual/in-person event, and there will be a focus on capital-related issues due to the stimulus.
WASHINGTON—Credit union loans outstanding increased 0.2% in March, compared to a 0.2% decrease in February of 2021 and a 0.3% increase over March of 2020, according to CUNA’s latest Monthly Credit Union Estimates.
WASHINGTON–The Justice Department has launched an investigation into whether a number of fintechs may have made mistakes while distributing billions of dollars in Paycheck Protection Program (PPP) loans, according to a new report.
WASHINGTON—As the CFPB considers changes to mortgage servicing requirements to protect borrowers affected by the coronavirus pandemic, NAFCU is calling on the Bureau "to provide clarity surrounding this rule's early intervention requirements and the streamlined loan modification option to reduce implementation burdens on servicers."
ALEXANDRIA, Va. – NCUA has issued a prohibition notice banning one person from ever again working in credit unions or any federally insured financial institution.