Posts Tagged ‘CUCollaborate’

FHFA appraisal bias reporting found inadequate

FHFA appraisal bias reporting found inadequate

The Federal Housing Finance Agency (FHFA) does not report evidence of appraisal bias to the appropriate state agencies, those that both license appraisers and could sanction them, the agency’s Office of the Inspector General [...]

State AGs battle over CFPB constitutionality

State AGs battle over CFPB constitutionality

State attorneys general from both parties agree that the U.S. Supreme Court should consider whether the CFPB’s current funding scheme is legal. But that’s where the agreement ends. The state officials vehemently [...]

NCUA slashes $6.7 million from 2023 budget

NCUA slashes $6.7 million from 2023 budget

Having been attacked by trade groups for proposed budget increases, the NCUA board on Thursday approved a spending plan that slashes $6.7 million from the document presented earlier this year. The finalized budget also [...]

House Republicans and CFPB’s Chopra clash during testimony

House Republicans and CFPB’s Chopra clash during testimony

CFPB Director Rohit Chopra on Wednesday received a decidedly hostile reception from Republicans during his end-of-year testimony before the House Financial Services Committee. “You are changing the law,” Rep. Andy Barr, R-Ky., told Chopra. “You [...]

NCUA places Indiana Credit Union into conservatorship

NCUA places Indiana Credit Union into conservatorship

The NCUA has placed Richmond City Employees Federal Credit Union in Richmond, Indiana, into conservatorship, agency officials announced Monday. They said the conservatorship was needed due to unsafe and unsound practices at the credit union, [...]

Banks join CUs in blasting proposed CDFI rules

Banks join CUs in blasting proposed CDFI rules

Banking trade groups this week panned proposed changes to the CDFI program—joining credit union associations in saying the rule would severely harm existing CDFIs. Michael Emancipator, vice president and regulatory counsel at the Independent [...]

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