Fresh Today

Fresh Today

WASHINGTON—The House Financial Services subcommittee’s work with the Financial Crimes Enforcement Network's (FinCEN) customer due diligence (CDD) rule – with a mandatory compliance date of May 11 – is impacting the credit union industry, NAFCU told the agency last week.

WASHINGTON—The Bureau of Consumer Financial Protection has finalized an amendment to its “Know Before You Owe” mortgage disclosure rule that addresses when mortgage lenders with a valid justification may pass on increased closing costs to consumers and disclose them on a Closing Disclosure.

WASHINGTON—In the wake of several attacks on the credit union tax exemption by bankers’ groups, nine tax-related groups and one U.S. senator, NAFCU said its lobbyists continue to meet with key offices to help set the record straight on issues related to the credit union tax exemption.