Credit unions

Mortgage fintech expands industry reach with three hires

Promontory MortgagePath fills management roles for bank relations, technology and outsourced services opportunities.

Bank technology Bryan Yurcan May 31

Bank technology Bryan Yurcan May 31
QM revamp could mean separate rules for banks, internet lenders

Mick Mulvaney’s recent comments about the CFPB Qualified Mortgage rule have triggered a debate over whether regulators should take into account more than one underwriting model.

Qualified Mortgages Kate Berry May 17

Qualified Mortgages Kate Berry May 17
White House looks to extend Mulvaney's CFPB tenure

The administration is prolonging a decision on a permanent director for the agency to keep the interim chief in place until year-end or longer.

Trump administration Kate Berry May 8

Trump administration Kate Berry May 8
CFPB's Mulvaney jabs at Warren while endorsing credit unions

Acting CFPB Director Mick Mulvaney dismissed concerns by Sen. Elizabeth Warren, D-Mass., about his leadership of the consumer agency while supporting a lighter regulatory touch for credit unions.

CFPB Ian McKendry February 27

CFPB Ian McKendry February 27
Credit union execs endorse CFPB changes in Trump meeting

Credit union executives talked up a pending regulatory relief effort while endorsing a radical shift in direction by the Consumer Financial Protection Bureau during a meeting with President Trump and other top White House officials on Monday.

Regulatory relief Ian McKendry February 26

Regulatory relief Ian McKendry February 26
Credit unions want to keep GSEs, but with an explicit guarantee

Credit unions favor housing finance reforms that would keep the government-sponsored enterprises or something similar in place, but add an explicit government guarantee to their mortgage-backed securities, according to a recent survey.

Housing finance reform Brad Finkelstein February 26

Housing finance reform Brad Finkelstein February 26
Judge throws out CU lawsuit seeking to unseat CFPB's Mulvaney

In his decision Thursday, U.S. District Judge Paul Gardephe said the lawsuit brought by the Lower East Side People's Federal Credit Union lacked standing.

CFPB Kate Berry February 2

CFPB Kate Berry February 2
Banks, consumer groups stir up backlash against potential CFPB pick

National Credit Union Administration Chairman Mark McWatters has not even been announced as President Trump's pick to run the Consumer Financial Protection Bureau, but his potential nomination already is uniting diverse groups in opposition.

CFPB Ian McKendry January 16

CFPB Ian McKendry January 16
Opinion Don’t let a credit union regulator run the CFPB

Camden R. Fine
President and CEO Independent Community Bankers of America

The Trump administration should not name J. Mark McWatters as head of the consumer agency, given his lack of experience overseeing commercial banks and his leadership of the National Credit Union Administration, a cheerleader for the industry it supervises.

Community banking January 5

Community banking January 5
Drop in mortgage delinquencies shows no sign of bottoming out soon

The long-running slide in mortgage payments 60 or more days past due will continue next year, and perhaps even longer as borrowers benefit from favorable economic conditions.

Delinquencies Bonnie Sinnock December 13, 2017

Delinquencies Bonnie Sinnock December 13, 2017

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