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Wednesday, September 17, 2014
Lawmakers, Regulators Spar Over Regulatory Relief
Credit unions and community bankers took to the Senate on Tuesday to urge policymakers to provide regulatory relief, but it appears any significant change is a long way off.
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WASHINGTON — NCUA Board Member Rick Metsger said Wednesday he favors doubling the implementation period, which would create a de-facto second comment period on the agency's controversial risk-based capital rule. more »
WASHINGTON — Credit unions and community bankers are launching a last-ditch effort to push the Senate this year to pass more than a dozen bipartisan regulatory relief bills that have already cleared the House with support from both parties. more »
WASHINGTON — The Consumer Financial Protection Bureau has finalized revisions to its international money transfer rule that will provide certain remittances with a longer exemption. more »
Despite NCUA handing out of $57,750 in penalties to late Q1 Call Report filers, 75 federally insured CUs have filed their Q2 report late, the agency reported Monday. more »
WASHINGTON — The Consumer Financial Protection Bureau has chosen a dozen firms involved in the mortgage industry — including two credit unions — for a pilot program looking at whether electronic fillings can improve the mortgage closing process. more »
WASHINGTON — Capitol Hill's interest in the risk-based capital rule — possibly reaching record levels for NCUA's proposed rulemaking — may lead to greater change to the final rule than what the agency has said is coming, according to several Capitol Hill observers. more »
BLOOMINGTON, Ind. — The Consumer Financial Protection Bureau has withdrawn the names of two Indiana credit unions from a blog post that called out banks and CUs for a lack of transparency about their relationships with universities. more »
WASHINGTON — The Consumer Financial Protection Bureau named ten banks and credit unions on Wednesday that it claimed were not being transparent about their agreements with large universities to market financial products to students. more »
ALEXANDRIA, Va. — The National Credit Union Administration Tuesday said that 62 credit unions subject to late-filing penalties for first-quarter call reports have consented to pay. more »
ALEXANDRIA, Va. – NCUA Board Chairman Debbie Matz has tapped Board Member Rick Metsger to serve as the agency’s vice chairman. more »
LAS VEGAS — With less than a year before implementation, the clock is ticking for financial institutions that need to overhaul mortgage disclosures. more »
ALEXANDRIA, Va. — The NCUA Board unanimously approved a rule Thursday morning to eliminate the 5% cap on fixed assets. more »
The credit union trade associations scored some legislative victories Wednesday morning after the House Financial Services Committee passed several regulatory relief measures supported by both NAFCU and CUNA. more »
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Red Riding Hood
This video from Security Service FCU is one in a series that puts a credit union spin on fairy tales.
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