Newsroom
Action near on Mortgage Choice Act, more
The House Rules Committee last night cleared three NAFCU-supported bills, including legislation on manufactured housing and the definition of "points and fees" in CFPB's mortgage rules, for action on the House floor that could occur this week.
One of those bills, H.R. 685, the "Mortgage Choice Act," was introduced by Reps. Bill Huizenga, R-Mich., Gregory Meeks, D-N.Y. It would clarify the definition of "points and fees" under the Truth in Lending Act as applied in CFPB's qualified mortgage rule.
The second, H.R. 650, the "Preserving Access to Manufactured Housing Act," introduced by Rep. Stephen Fincher, R-Tenn., would help preserve access to manufactured housing by adjusting the regulatory threshold for "high-cost" home loans. Companion legislation has been introduced in the Senate by Sens. Joe Donnelly, D-Ind., Pat Toomey, R-Pa., Joe Manchin, D-W.Va., and Tom Cotton, R-Ark.
The third bill, H.R. 1195, the "Bureau of Consumer Financial Protection Advisory Boards Act," introduced by Reps. Robert Pittenger, R-N.C., and Denny Heck, D-Wash., would establish a small business advisory board within CFPB and make permanent the bureau's existing credit union and community bank advisory councils.
NAFCU urged leaders of the House to support the bills in letters sent jointly with industry trades Monday.
Regarding H.R. 685, the Office of Management and Budget last night issued a statement that the administration opposes the bill and that the president's advisors would recommend veto if it reached his desk.
Share This
Related Resources
Add to Calendar 2024-05-03 14:00:00 2024-05-03 14:00:00 Plan Sponsor Attitudes Toward Retirement Plan Management and Fiduciary Outsourcing About the Webinar In January 2024, Pentegra conducted a survey of retirement plan sponsors and their perspectives on retirement plan management and fiduciary outsourcing. The survey measured how sponsors are using fiduciary outsourcing to help better manage their retirement plans. It also captured their perspectives on what outsourcing does to help them better position their plans and drive improved retirement plan outcomes. Key Takeaways: What is the full scope of your responsibilities as a plan sponsor? What is fiduciary outsourcing and how does it work? How does fiduciary outsourcing help reduce workloads and minimize risk? How can a credit union best position its plan to drive improved outcomes? Register Here Web NAFCU digital@nafcu.org America/New_York public
Plan Sponsor Attitudes Toward Retirement Plan Management and Fiduciary Outsourcing
preferred partner
Pentegra
Webinar
Turning Lemons into Lemonade: Capitalizing in a Post-Banking Crisis Era
Strategy
preferred partner
Allied Solutions
Blog Post
Ensuring Safety and Soundness with AI
Management, Consumer Lending, FinTech
preferred partner
Upstart
Blog Post
Add to Calendar 2024-05-02 14:00:00 2024-05-02 14:00:00 Mastering Resilience in Incident Response Plans About the Webinar An Incident Response (IR) plan is crucial for guiding credit unions through major incidents efficiently and effectively. However, many IR plans lack resilience, making them less adaptable to the evolving threat landscape. Join us for our webinar Mastering Resilience in Incident Response Plans where DefenseStorm cyber experts Elizabeth Houser and James Bruhl will delve into the importance of resiliency within cybersecurity IR plans. Don’t miss out on the opportunity to learn how to: Ensure IR plan accessibility so that all team members with assigned roles are prepared for effective incident response. Conduct efficient and regular reviews to ensure roles and responsibilities are current, tools are relevant, and compliance requirements are met. Implement and utilize tabletops to regularly test the effectiveness of your IR plan. Enhance preparedness, efficiency, and confidence among responders. View On-Demand Web NAFCU digital@nafcu.org America/New_York public
Mastering Resilience in Incident Response Plans
preferred partner
DefenseStorm
Webinar
Get daily updates.
Subscribe to NAFCU today.