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September 23, 2014

CUNA cites accuracy concerns with CFPB's consumer narrative proposal

Washington
CUNA does not support the disclosure of narrative complaint data, the organization told the Consumer Financial Protection Bureau in a letter filed Monday. ReadMore

GAO wary of CFPB data collection controls

Washington
The Government Accountability Office released a report Monday citing concerns that the Consumer Financial Protection Bureau must take additional efforts to reduce the risk of improper collection, use and release of consumer financial data. ReadMore

World Council: Basel 'weak bank' guidelines could work against co-ops

Washington
The World Council of Credit Unions has outlined several concerns with draft supervisory guidance from the Basel Committee that could discriminate against cooperative institutions when the committee identifies "weak banks." ReadMore

CFPB CU Advisory Council meeting set for Oct. 1 in D.C.

Washington
A meeting of the Consumer Financial Protection Bureau's Credit Union Advisory Council will be held Oct. 1 in Washington, D.C. ReadMore

Fannie, Freddie consider VantageScore for alternate credit model

Washington
Fannie Mae and Freddie Mac are studying an alternative credit scoring mode to the current Fair Isaac Corp. score, according to a report in National Mortgage News . ReadMore

14M apps, 2.8M purchases highlight 2013 mortgage data

Washington
Data on mortgage lending at 7,190 financial institutions covered by the Home Mortgage Disclosure Act has been released by the Federal Financial Institutions Examination Council. ReadMore
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