Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
NCUA-CFPB Webinar Now Available Online
ALEXANDRIA, Va. (3/12/12)--The National Credit Union Administration has posted to its website an archived version of its recent virtual town hall webinar with Consumer Financial Protection Bureau (CFPB) Director Richard Cordray.

During the Feb. 5 webinar NCUA Chairman Debbie Matz noted that the agency continues to examine credit union derivatives issues, and a proposed rule on derivatives could be released in the first half of 2013.

Cordray previewed some of his agency's future plans during the webinar and noted a final version of the proposed remittance transfer regulations will be released in February or March, and will become effective 90 days after it is released. He also noted his agency is also considering giving credit unions that hold $2 billion or less in assets, and make more than 500 mortgage loans per year, safe harbor from portions of qualified mortgage/ability-to-repay regulations. (News Now Feb. 6)

Also topics discussed during the webinar were:

  • Mortgage servicing rules;
  • NCUA's Regulatory Modernization Initiative;
  • Implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act; and
  • CFPB's proposed overdraft regulations.
More than 1,700 participants took part in the 90-minute webinar. The archived audio recording of the virtual town hall and a written transcript of the webinar are available by using the first resource link below.
Other Resources

NCUA Archived Webinar
RSS print
News Now LiveWire
.@BelvoirFederal revamped the checking acct. it offers to active duty military members and achieved 23% growth on the product in 1 mo.
11 hours ago
.@FinancialCmte markup of Reg D Study Act set for Tuesday. CUNA will submit support letter. http://t.co/cDWkZ0Q0x1
15 hours ago
The 54th Western CUNA Management School graduated 89 students on July 25.
15 hours ago
.@CUNA Bank Secrecy Act training to reach 38 Mich. state examiners #NewsNow http://t.co/7HDPgwih8G
16 hours ago
St. Louis treasurer taps #creditunion to serve unbanked #NewsNow http://t.co/lWtcezJOej
7 25 ago