Links in “Proposals, Requests, & Comments”
- Will CFPB’s HMDA Proposal Jeopardize Borrower Privacy?
The CFPB's proposed amendments to HMDA are designed to enhance the opportunities to analyze mortgage lending activity by including credit score, age, property value, and more. The proposed change also raises concerns about borrower privacy. [7/28/14]
- CUNA Launches Online Tool That Gives a Voice to CU Regulatory Concerns
An interactive online resource developed by the California and Nevada Leagues is being taken national by CUNA allows CUNA-affiliated credit unions to write and immediately submit comment letters directly to NCUA and other regulatory agencies as well as having access to comment letters submitted by other credit unions and their leagues. PowerComment users will also be able to view the proposed rules and communicate with and pose questions to other credit unions and leagues regarding proposed rules. [7/25/14]
- A Plan to Make a Plan
The NCUA has publicly released the agenda regarding its meeting to be held July 31, 2014. Topics of consideration include the proposed rule related to ownership of fixed assets, Call Credit Union's request for community charter expansion, NCUA's mid-year operating budget, and more. [7/25/14]
- New York Moving Toward BitLicense
The state is proposing licensing dealers of virtual currency, including strict anti-money-laundering safeguards and consumer protections. [7/25/14]
- One for All, and All for Fewer Regulations
The NCUA is taking steps to provide regulatory relief by eliminating the fixed-assets cap, modernizing member business lending and updating appraisal provisions. âAs always, with each proposed rule, your voices will be heard for comments and concerns.â [7/24/14]
- NCUA to Propose Regulatory Improvements
NCUA Chair Debbie Matz, speaking at the NAFCU Annual Conference, announced that in the coming months NCUA will be issuing three proposed rules that she believes will provide greater flexibility and guidance for credit unions. Specifically, she referred to plans to effectively eliminate the 5% cap on fixed assets, to provide greater flexibility to the member business lending rule and to update the NCUA advertising rule in order to address new technology, including social media. [7/24/14]
- Trade Groups to CFPB on Complaint Narrative Proposal: Not So Fast
The 30-day comment period on the CFPB's proposal to include complaint narratives in its Consumer Complaint Database is not enough, say five industry trade groups in a letter to the CFPB. They've asked for at least 90 days to comment. The 30-day comment period is scheduled to close Aug. 22. [7/24/14]
- Is Debt Collection Too Harsh? Now Is the Time to Speak
The CFPB is taking written comments about the consumer experience in the debt collection industry. All written comments must be received by August 22, 2014 for consideration. [7/23/14]
- Matz Gets an Earful from Listening Sessions
400 participants attended the three NCUA Listening Sessions held in Los Angeles, Chicago, and Alexandria. Recordings of the sessions are to be available on the NCUA website in the near future. In a statement issued yesterday, NCUA Chair Debbie Matz hinted that interest rate risk may be better evaluated through the supervisory process than through risk weightings under the proposed risk-based capital rule. [7/22/14]
- Where Are Debt Collection Rules Heading? Look to New York (CFPB Does)
The CFPB and the New York Department of Financial Services work hand in hand. Hence, the DFS' proposed debt collection rules is a good bet to form the basis for where the CFPB may be going with its debt collection rules. [7/22/14]
