House passes TRID legislation; moves to the Senate

In a vote that was much wider than expected, the U.S. House passed H.R. 3192, the Homebuyers Assistance Act. The bill was introduced after the CFPB’s new TILA-RESPA rules were introduced. The bill’s sponsors said their was a lack of anything more specific regarding a grace period or clear direction from the CFPB. The act […]

Stop and study bill sponsors send letter to NCUA

The three sponsors of HR 2769, the Risk-Based Capital Study Act, sent a letter to NCUA Chairman Debbie Matz outlining steps the regulator should implement concerning risk-based capital. Reps. Bill Posey (R-FL), Stephen Fincher (R-TN), and Denny Heck (D-WA) wrote that they “have an interest in ensuring stability of the financial system while preserving the […]

The latest issue of Signal Magazine is now available online

The third quarter issue of Signal Magazine is now available online. Visit the League website and click on the Publications section under the Communications tab to view the newest issue. This issue includes articles such as: Image Campaign Delivering Results Chapters Build Relationships at Legislative Meet & Greets Succession Planning for Boards and Supervisory Committees […]

Apple Pay faces consumer indifference in first year

The mobile-payments system, which marks its one-year anniversary this month, has failed to catch on with consumers, accounting for only one percent of all retail transactions in the U.S., according to researcher Aite Group. The service – which allows users to pay for purchases by tapping their iPhone, iPad, or Apple Watch on a device […]

CFPB publishes amendments to mortgage rules

Earlier this year, the CFPB offered revisions to Reg Z’s definition of small creditor, and rural and underserved areas, under the Truth in Lending Act (Rule). The revisions were officially listed in the Federal Register today. The Rule becomes effective Jan. 1, 2016 and it also makes technical changes and clarifications to other sections of […]