Summit CU Top Mortgage Lender 08/01/2023 12:04 pm MADISON, Wis. — Summit Credit Union is the top mortgage lender in the state of Wisconsin this year, according to data collected under the Home Mortgage Disclosure Act (HMDA).
New Recommendations Made to Improve CDFI Certification Process 08/01/2023 07:30 pm WASHINGTON—The Treasury’s Community Development Financial Institutions (CDFI) Fund’s Community Development Advisory Board (CDAB) met this week, with its CDFI Certification Subcommittee offering several recommendations to the application process echoing credit union concerns and recommendations, according to CUNA.
Sun East FCU Names New President 08/01/2023 07:30 pm ASTON, Penn.– Sun East FCU has named Debbie Cook as its new president. Cook, who previously served as EVP/CFO, will “work closely” with the $877-million credit union’s CEO, Michael Kaczenski, according to the credit union.
What Does ‘Any Reasonable Means’ Mean? NAFCU Joins Other Groups in Urging Better Definition 08/01/2023 07:31 pm WASHINGTON— The legal standard of “any reasonable means” to revoke consent when it comes to consent is difficult to interpret for callers and encourages legal action, according to NAFCU and a number of other groups.
NAFCU, CUNA, TruStage Join With VFW in Letter on CDAs 08/01/2023 07:32 pm WASHINGTON—NAFCU, the Defense Credit Union Council, the Veterans of Foreign Wars, and TruStage have sent a joint letter in response to the agency’s proposed rulemaking regarding charitable donation accounts (CDAs).
Court Delays Implementation of CFPB’s Plan to Collect Data on Loans 08/01/2023 07:30 pm CHORPUS CHRISTI, Texas—A federal court in Texas has delayed implementation of the CFPB’s small business lending data reporting rule until the Supreme Court rules on the constitutionality of the Bureau’s funding structure.
