CFPB
finalizes general, seasoned QM definitions
As indicated by its fall
rulemaking agenda that final rules would be released in December, the CFPB Thursday
issued final rules to amend the general definition of a qualified mortgage (QM)
and create a new category of seasoned QMs.
NAFCU's
Berger, Hunt, Thaler recognized as top lobbyists in The Hill
NAFCU
President and CEO Dan Berger, Executive Vice President of Government Affairs and
General Counsel Carrie Hunt, and Vice President of Legislative Affairs Brad Thaler
were named top association lobbyists for 2020 by The Hill, a daily newspaper covering Congress and Washington, D.C.
NCUA to hold 2 meetings next week
The NCUA Board will hold two open meetings next week with several NAFCU-sought
items on the agendas. Thursday's meeting includes three proposed rules –
for field of membership (FOM) shared facility requirements, mortgage servicing
rights, and overdraft policy – a temporary final rule related to coronavirus
regulatory relief, and a final rule on subordinated debt.
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4 things to know this week
NAFCU's widely-read NAFCU Today is credit union leaders' go-to source
for the latest on issues impacting the credit union industry. For those short
on time, here's a roundup of this week's top need-to-know news related
to paycheck protection program (PPP) loan necessity questionnaires, SCOTUS oral arguments, and more.
NAFCU's
Kossachev discusses TCPA trends, issues on panel
NAFCU Director of
Regulatory Affairs Ann Kossachev Thursday spoke on a panel to discuss ongoing
issues and proceedings related to the Telephone Consumer Protection Act (TCPA).
NAFCU has actively worked with the FCC on efforts to modernize the TCPA and has
continuously called for the agency to protect legitimate callers and ensure consumers receive important information.
NAFCU
follows up on NCUA budget briefing testimony, reiterates recommendations
NAFCU's Curt Long wrote to the NCUA Board Thursday to reiterate several recommendations
made during his testimony before the board at the 2021-2022 budget briefing that
aim to enhance the efficiency of the NCUA budget.
This
week on the Compliance Blog: Unauthorized transactions, address changes, capitalization of interest
As credit unions work to meet the needs of more than 123 million Americans during
the coronavirus pandemic, NAFCU's award-winning Regulatory Compliance Team
continues to keep credit unions informed with new posts on the Compliance Blog every Monday, Wednesday, and Friday.
CPI
rises slightly in November, NAFCU expects low rates to remain in place through 2021
On a seasonally-adjusted basis, overall consumer prices rose 0.2 percent in November.
The Bureau of Labor Statistics reported that the overall consumer price index
(CPI) grew 1.2 percent over the 12-month period.
