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WASHINGTON— President Donald Trump has signed an executive order directing federal regulators to overhaul a wide range of mortgage lending rules, and while the White House’s public messaging repeatedly emphasizes “banks” and “community banks,” America’s Credit Unions is stressing that credit unions are clearly intended to benefit from the relief, as well.

Having spent many years both serving on a credit union board and leading as a CEO, I’ve had the opportunity to see governance from both sides of the table. That perspective has given me a deep appreciation for the delicate balance that must exist between management, leadership, and board oversight.

FRAMINGHAM, Mass.— MetroWest Community Federal Credit Union is facing scrutiny following a reported data-security incident that may have exposed members’ personal information, with law firm Federman & Sherwood saying it has opened an investigation after a breach notice was filed with the Maine Attorney General.

 

WASHINGTON— The Defense Credit Union Council is intensifying its push for explicit credit union inclusion in the Trump Administration’s mortgage lending deregulation effort, with Chief Advocacy Officer Jason Stverak suggesting community bankers had an outsized role in shaping the executive order while credit unions risk being left on the sidelines.

WASHINGTON— President Donald Trump has signed an executive order directing federal regulators to overhaul a range of mortgage lending rules, with the White House saying the move is intended to reduce compliance costs, revive community bank participation in home lending and make mortgages more accessible for creditworthy borrowers.

WASHINGTON— America’s Credit Unions and the Defense Credit Union Council are both urging lawmakers to modernize the nation’s financial privacy rules ahead of a House Financial Services Committee hearing Tuesday, with both groups backing a stronger national framework while warning against a patchwork of state laws, gaps in oversight of fintechs and data aggregators, and added burdens on credit unions.