Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
White House housing finance policy discussions: CUNA warns of reg burden
WASHINGTON (4/15/14)--Policymakers must be mindful of the existing regulatory obligations of credit unions and other mortgage servicers as discussions on housing finance reform proceed. That was one of the messages delivered by the Credit Union National Association at a Monday meeting with White House and U.S. Treasury staff. At the White House meeting, CUNA noted that a pending Senate bill to revamp the housing finance system proposes creation of a new regulatory authority over mortgage servicing operations. CUNA stressed that policymakers must proceed judiciously and not layer additional regulatory authority on top of existing regulatory regimes that address mortgage servicing. CUNA also underscored on credit unions' behalf that a new system must ensure that the housing finance market remains accessible to credit unions and other smaller institutions and that structure must be in place to prohibit domination by the country's biggest banks. The meeting was part of a series of stakeholders' sessions that have been being held as the Senate Banking Committee prepares to consider the Johnson-Crapo housing finance reform bill on April 29. (See related story: New FHFA director meets with CUNA on housing, mortgage issues.)


RSS print
News Now LiveWire
Stay tuned for coverage of @CUNA's BSA conference which starts Sunday. #CUNABSA #CUNACompliance
1 Day ago
Today's the last day to complete @CUNA's Home Depot data breach survey http://t.co/UcB8G9bVXe #StoptheDataBreaches
1 Day ago
Brenda Davis of Cross Roads Ministries will walk through 83 communities during the Ending Hunger Walking tour. (2 of 2)
1 Day ago
The Ending Hunger Walking tour, coordinated by the Maine CU League, kicked off at Old Maine CU in Augusta today. (1 of 2)
1 Day ago
Darwin Brokke of Citizens Community CU represented the #CU Association of Dakotas at a housing summit hosted by @SenatorHeitkamp
1 Day ago