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2012 News

2012 News

• ATM fix, privileged info bills enacted (December 30, 2012) Topics: Daily News
  NAFCU President and CEO Fred Becker applauded President Obama’s signing into law Thursday of two NAFCU-supported bills repealing the dual fee disclosure at ATMs and protecting the privileged information financial institutions provide the CFPB.
• Becker says CU exemption battle is on (December 30, 2012) Topics: Daily News
  Credit unions must fight for preservation of their federal tax exemption as long as Congress is looking at deficit reduction and tax reform, and NAFCU President and CEO Fred Becker reinforces that fact in an editorial published online by Credit Union Times.
• Carrier urges members’ input to Monitor survey (December 30, 2012) Topics: Daily News
  NAFCU is encouraging members to respond to its latest Economic and CU Monitor survey, which will help inform the association in its work on a wide range of credit union legislative and regulatory policy issues in the coming year.
• CFPB revises, delays remittance proposal (December 30, 2012) Topics: Daily News, CFPB
  The Consumer Financial Protection Bureau on Friday issued a revised proposal on its international remittance rule that would delay implementation of the entire remittance rule to 90 days after the changes are finalized.
  
• FHA tightening enforcement of lockout policy (December 30, 2012) Topics: Daily News
  Acting Federal Housing Administration Commissioner Carol Galante has told Sen. Bob Corker, R-Tenn., that steps are being taken to strengthen the agency’s financial position, including increased vigilance sought by NAFCU with respect to borrowers who have strategically defaulted on mortgages only to seek new ones.