CFPB
rescinds policies related to COVID relief
The CFPB Wednesday rescinded
several of its policy statements – and withdrew itself from some interagency
statements – that provided reporting relief and temporary flexibilities amid
the coronavirus pandemic. The statements impact Home Mortgage Disclosure Act (HMDA)
reporting, loan modifications, electronic credit card disclosures, and more.
NAFCU,
CFPB discuss consumer access to financial records
Members of NAFCU
staff Wednesday met with the CFPB to discuss several topics related to implementation
of section 1033 of the Dodd-Frank Act. NAFCU previously detailed concerns about
implementation in response to the CFPB's advance notice of proposed rulemaking on this topic.
NAFCU
to tout CU efforts during Financial Literacy Month
April is Financial
Literacy Month and NAFCU is putting a spotlight on credit unions that offer financial
education programs in their communities. Throughout the month, the association
will highlight how member credit unions help their members – and their children – make smart financial decisions.
Easily
share ideas and solve challenges
Use our 7 NAFCU Networks to ask
questions, receive feedback and more with CU peers in similar roles across the
country. Exclusively for members!
ICYMI:
March-April NAFCU Journal offers long-term SIF outlook, fidelity bonds refresher
The March-April edition of The NAFCU Journal is available now on the association's
virtual hub and includes several recurring columns featuring important industry
trends and valuable insights from NAFCU and credit union leaders.
NCUA
issues 1 prohibition notice in March
The NCUA in March issued one prohibition
notice, prohibiting an individual previously associated with credit unions from
any future participation in the affairs of a federally-insured financial institution.
