Also: CFPB releases more TRID FAQs, extends comment period for debt collection proposal



NAFCU TODAY | The News You Need Daily.

August 2, 2019



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Senators seek update from DOJ on ADA [ [link removed] ]
Following up on a letter sent last year, a group of senators led by Senate Judiciary Committee Chairman Chuck Grassley, R-Iowa, is asking the Department of Justice (DOJ) for an update on its efforts to provide clarity on website accessibility standards under the Americans with Disabilities Act (ADA).


More TRID FAQs released [ [link removed] ]
The CFPB Thursday released a new set of FAQs under the TILA-RESPA Integrated Disclosure (TRID) rule, specifically related to providing loan estimates to consumers. NAFCU has worked with the bureau to obtain more guidance for credit unions on this rule, and one of the new FAQs confirms the association's interpretation of when a loan estimate is triggered.


CFPB extends debt collection comment period [ [link removed] ]
The CFPB has extended the comment period on its rulemaking related to third-party debt collection by 30 days to Sept. 18 to allow more time for interested parties to review and provide feedback on the proposal. Credit unions can learn more about the proposed rule and submit comments through NAFCU's Regulatory Alert.






FHA, Ginnie Mae adjust requirements for cash-out loans [ [link removed] ]
The Federal Housing Administration (FHA) and Ginnie Mae have released plans to adjust their cash-out policies to reduce risk, protect and preserve borrowers' home equity, and be more transparent and attractive to investors.


Senate passes debt ceiling, budget deal [ [link removed] ]
Lawmakers in the Senate Thursday passed the two-year $1.37 trillion budget deal before heading home for the August recess. The deal – which also seeks to suspend the debt ceiling to July 2021 – passed in the House last week, and the president is expected to sign it. Current government funding is set to expire Sept. 30 at the end of the fiscal year.


$200 savings for 2 NAFCU conferences end today [ [link removed] ]
Today is the last day credit unions can save $200 off NAFCU's Risk Management Seminar with the code RISKSAVINGS and Regulatory Compliance Seminar with code SEM19SAVINGS. Both conferences start Oct. 1 in Savannah, Ga.; the codes can be used until 11:59 p.m. Eastern tonight.



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