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December 2018
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BCFP Issues 2019 Regulations Z and M Dollar Thresholds
Friday, December 7, 2018 7:00 AM

The Bureau of Consumer Financial Protection, along with the Federal Reserve Board, updated the dollar thresholds in Regulation Z (Truth in Lending or TILA) and Regulation M (Consumer Leasing) that will apply for determining exempt consumer credit and lease transactions in 2019. 

Pending Regulatory Comment Calls
Friday, December 7, 2018 6:55 AM

The following table shows pending regulatory proposals quickly coming to deadline. Cornerstone and Credit Union National Association will be submitting comments. Credit unions are encouraged to use PowerComment to file comment letters with regulators. 

Senate Confirms Kraninger as New BCFP Director
Friday, December 7, 2018 6:50 AM

Yesterday, the U.S. Senate narrowly confirmed Kathy Kraninger to lead the Bureau of Consumer Financial Protection, replacing Acting Director Mick Mulavaney. The confirmation vote was 50 to 49. Kraninger will serve a five-year term as director.

NCUA Releases Q3 2018 CU System Performance Data
Friday, December 7, 2018 6:45 AM

Data on the financial performance of federally insured credit unions for the quarter ending Sept. 30, 2018, are now available from the National Credit Union Administration.