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WASHINGTON—NAFCU President and CEO Dan Berger is urging CFPB Director Richard Cordray to approve a one-year delay of the effective date of its 2015 Home Mortgage Disclosure Act (HMDA) rule.

CARPINTERIA, Calif.–Credit, debit, and prepaid general purpose and private label cards issued in the United States generated $5.936 trillion in payments for goods and services in 2016. Processing fees, which include interchange, paid by U.S. merchants to handle all card payments, were $88.39 billion, according to The Nilson Report.

SAN FRANCISCO—More consumers today have credit cards than before the Great Recession. However, only those with excellent credit are seeing their lines significantly extended, according to a new report.

ALEXANDRIA, Va.–NCUA Chairman J. Mark McWatters has sent a letter to CFPB Director Richard Cordray regarding granting an exemption to credit unions for its rules on small-dollar loans, the Home Mortgage Disclosure Act, and UDAAP.