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Dodd-Frank Act

Comment Letter Seeks FDIC Clarification

Aug
27
Comment Letter Seeks FDIC Clarification

The Credit Union National Association (CUNA) is seeking clarification in a comment letter to the Federal Deposit Insurance Corporation (FDIC) that credit unions should not be covered under a new proposal the FDIC has issued regarding liquidation authority over entities engaging in financial activities.  The proposal was developed under Title II of the Dodd-Frank Act.  In the comment letter, CUNA emphasizes that credit unions should not be considered entities subject to the proposed definition of “predominantl

Posted By Sharon Bahr read more

Missouri Federal Lawmakers Ask CFPB to Delay, Study Remittances Regulation

Aug
20
Missouri Federal Lawmakers Ask CFPB to Delay, Study Remittances Regulation

Missouri Federal Lawmakers Ask CFPB to Delay and Study Remittances Regulation

Four Missouri members of the U.S. Congress signed a letter encouraging the Consumer Financial Protection Bureau (CFPB) to delay and study the impact of its proposed remittances regulation, Section 1073 of the Dodd-Frank Act.  There is concern that the final rules as written will drastically curtail the availability of international transfers to consumers.

Posted By Amy McLard read more

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