ALEXANDRIA, Va.–Credit unions are being urged to review a rule that temporarily amends certain mortgage servicing requirements under the Consumer Financial Protection Bureau’s Regulation X to assist borrowers affected by the COVID-19 emergency.
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WASHINGTON—Legislation that would cap all fees and interest at 36% would make it more difficult for many consumers to obtain credit, CUNA, NAFCU and other organizations wrote Senate Banking, Housing, and Urban Affairs Committee leadership.
WASHINGTON–The Biden Administration has announced additional help for borrowers who are behind on mortgage payments due to COVID-19 as many forbearance programs are set to expire.
ARLINGTON, Va.–Even as the White House introduces updated relief for those behind on their mortgages due to COVID-19 (see related story), one credit union economist isn’t expecting CUs to feel much of the brunt of expiring moratoriums on evictions.
WASHINGTON–Credit unions may want to step up their communication efforts to members as state and local governments report they are struggling to distribute $47 billion in federal money aimed at helping tenants who can’t pay rent because of the COVID-19 crisis.
WASHINGTON–It could shape up to be a “pretty big week for legislative activity” in Washington, according to CUNA’s Ryan Donovan.
WASHINGTON–It could shape up to be a “pretty big week for legislative activity” in Washington, according to CUNA’s Ryan Donovan.
WASHINGTON–CUNA’s Credit Union System Digitization Working Group has releasedits June 2021 Industry Outlook.
BIRMINGHAM, Ala.—Dollar Associates has announced it will host a series of webinars designed to respond to a market in which credit unions are being challenged to maintain auto loan volume and when the mortgage refinance boom is beginning to flatten.
WASHINGTON–The Federal Reserve’s Open Market Committee (FOMC) will begin two days of meetings today, and despite the increased discussion around inflation no action to boost rates is expected.