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Tuesday, May 26, 2015
Shelby's Relief Bill Would Block FHLB Member Plan
The regulatory relief package coming before the Senate Banking Committee Thursday would force the Federal Housing Finance Agency to withdraw the contentious proposal within 30 days.
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WASHINGTON — A new mortgage disclosure regime due to take effect on Aug. 1 is unlikely to cause closing delays, according to Consumer Financial Protection Bureau Director Richard Cordray. more »
CFPB and Justice are taking a renewed interest in redlining, the practice of lenders charging more for products or excluding altogether minorities within certain geographic areas — and their findings may be surprising. more »
Two House Financial Services Committee members introduced a bipartisan bill late last week that is designed to give lenders breathing room when new disclosure rules go into effect on Aug. 1. more »
Navy Federal Credit Union closed over $1 billion worth of mortgages in March, and $2.5 billion year-to-date. more »
WASHINGTON — CUNA and NAFCU each submitted comment letters to the Consumer Financial Protection Bureau regarding 2013 Regulation X (RESPA) and Regulation Z (TILA) Mortgage Servicing Rules, urging the CFPB to adopt several changes and clarifications. more »
When it comes to millennials, the $64,000 question is when will this generation be ready to start buying their first homes? more »
The Federal Home Loan Bank of Topeka has announced a new plan to allow its members to invest in mortgages originated under the Mortgage Partnership Finance program. more »
In less than four months, mortgage providers across the nation must be ready to meet new disclosure requirements. more »
Credit unions as a whole will continue to grow their share of the mortgage market in 2015 and into 2016, say industry experts. more »
During his 21 years in Congress, Mel Watt helped usher in several major changes to the financial services industry, from the Gramm-Leach-Bliley Act to the Dodd-Frank Act. more »
BURBANK, Calif. — Three years ago Burbank Community Federal Credit Union rebranded itself as UMe Federal Credit Union. With a mobile-first product strategy, the $165 million CU has realized significant market gains, including a 30% jump in real estate lending. more »
Home prices have not recovered enough to protect the states with high concentrations of home equity lines of credit whose rates are scheduled to reset in the next few years. more »
Consumer Financial Protection Bureau Director Richard Cordray said a review of its "qualified mortgage" rule will allow enough time to consider changes if lawmakers fail to make progress on housing finance before a key deadline. more »
Jun 01 - 03 | NCCR

Hyatt Regency
New Orleans
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Jun 08 - 10 | Digital Banking Summit

Hilton Austin
Austin, TX
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Take Me Out to the Ball Game
It's baseball season, and this spot from SPIRE CU highlights the credit union's connection - both as a sponsor and philosophically - with local team the St. Paul Saints.
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