CFPB Critics See Glimmer of Hope in Auto Lending Bill
The Senate is the next battleground for legislation requiring the Consumer Financial Protection Bureau to rescind 2013 guidance on indirect auto lending, but the bill may do nothing to slow enforcement efforts.   more »
The head of the Independent Community Bankers of America fires a legal warning at NCUA and says relations between the two industries has never been more strained. more »
The National Credit Union Administration issued a comprehensive report Monday defending the agency's risk-based capital rule and urging lawmakers to make several legislative changes. more »
New Hampshire Congressman Frank Guinta welcomed more than 30 credit union officials at America's Credit Union Museum on Friday for a roundtable discussion that featured NCUA Chairman Debbie Matz. more »
One month after being placed into conservatorship by NCUA, tiny Helping Other People Excel Federal Credit Union, which had been embroiled in a Bitcoin money laundering scheme, was liquidated by the regulator. more »
It wasn't enough for the agency to propose sweeping changes to field of membership at Thursday's meeting, as regulators also tackled the budget, OTR and industry calls for a longer exam cycle at a meeting that was punctuated by the some of the sharpest exchanges yet between Chairman Debbie Matz and Board Member J. Mark McWatters. more »
The House passed two controversial regulatory relief bills Wednesday evening ahead of the looming yearend budget fight. more »
The NCUA Board has a lot on its plate as it prepares for its regular monthly meeting tomorrow. It's scheduled to approve a budget and set the fee schedule and overhead transfer rate that will fund NCUA's operations in 2016 and tackle field of membership rules, as well. more »
In one instance, a single complaint in the Consumer Financial Protection Bureau’s database was counted as 35 different ones while in another, a complaint against a payday lender was filed against an unrelated bank. Current and former officials say that’s par for the course, leading to inflated complaint numbers and inaccurate data. more »
The Federal Housing Administration's unexpected windfall is already generating industry talk about another premium cut by the agency — but FHA officials insist such discussion is premature. more »
Presidential contender Hillary Clinton was put on the defensive about her donations from large financial institutions in the second debate Saturday of candidates seeking the Democratic nomination. more »
Robberies aren’t the only violence branches could potentially face. more »
In the aftermath of the National Credit Union Administration's new complaint procedures, the regulator is expanding the use of its Consumer Assistance Center. more »
All the Right Moves
This spot from American Eagle CU focuses on the credit union's user-friendly mobile banking experience, including "deposits as easy as a selfie."