Credit unions

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
Colonial Savings founder James S. DuBose dies at 93

Colonial Savings founder James S. DuBose died after a yearlong battle with cancer. He was 93.

Obituaries Bonnie Sinnock December 4, 2017

Obituaries Bonnie Sinnock December 4, 2017
Big unknown for banks: Will tax plan boost growth enough?

Top banking executives called the Republican tax plan an important first step toward tax reform and economic stimulus, but questions immediately arose about whether trade-offs and complexities in the bill would undercut it.

Tax reform Kristin Broughton November 2, 2017

Tax reform Kristin Broughton November 2, 2017
Quicken Loans offers Calyx LOS to its third-party originators

Quicken Loans Mortgage Services and Calyx Software developed a version of the Point loan origination system that's preconfigured with tools for small mortgage firms to work with the Detroit lender's TPO division.

LOS Bonnie Sinnock October 11, 2017

LOS Bonnie Sinnock October 11, 2017

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