Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
NEW: PATH Act Approved By Committee, Moves On To U.S. House
WASHINGTON (UPDATED: 7/24/13, 10:15 A.M. ET)--House Financial Services Committee members this morning approved the "Protecting American Taxpayers and Homeowner (PATH) Act of 2013" (H.R. 2767) on a mainly party line vote. The bill may now be considered by the full U.S. House.

Technical amendments were added to the original bill during the markup process, which began on Tuesday. Importantly for credit unions, the approved bill contains regulatory relief provisions strongly supported by the Credit Union National Association, including a provision to delay the mandatory implementation of all Dodd-Frank Act mortgage rules for an additional year.

The PATH Act also would: 
  • Phase out government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac within five years;
  • End the federal government guarantee and reduce government involvement in the housing finance system; and
  • Give consumers more choices in determining which mortgage product best suits their needs.


RSS print
News Now LiveWire
.@CFPB today finalized changes 2 remittance rule, proposed in April. See rule here: http://t.co/tPs6Mlimni
18 hours ago
State OKs Floridacentral #creditunion's bank branch purchase #NewsNow http://t.co/37uXorWsmV
20 hours ago
Today is deadline to order your T-shirt for #MiracleJeansDay @CU4Kids @CMNHospitals http://t.co/UXIqW3cFN6
20 hours ago
#Creditunion #100MM on display with @NWCUA's Minickiello, Wash. Rep. Sharon Tomiko Santos at @NCSLorg @CUNAadvocacy http://t.co/xVwnS39uEM
21 hours ago
Fraudsters hit @jpmorgan with smash and grab #phishing campaign http://t.co/VEkAvctYLJ
21 hours ago