The NAFCU Board today will meet with Bureau of Consumer Financial Protection Acting Director Mick Mulvaney to discuss various regulatory issues affecting the credit union industry and the bureau’s 2019 priorities.
NAFCU President and CEO Dan Berger, Executive Vice President of Government Affairs Carrie Hunt and Regulatory Affairs Counsel Kaley Schafer will join today’s meeting.
The bureau’s rulemaking agenda indicates several rulemakings next year covering payday lending, the Home Mortgage Disclosure Act (HMDA), debt collection and the TILA/RESPA integrated disclosure (TRID) rule. NAFCU also recently met with the bureau to discuss qualified mortgages – a rule Mulvaney has indicated the bureau would review to reduce regulatory burden – and has previously outlined credit union issues the bureau should address.
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