CFPB proposes higher HMDA thresholds after strong CUNA push

first_img continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The Consumer Financial Protection Bureau (CFPB) issued a proposed rule on Home Mortgage Disclosure Act (HMDA) reporting requirements Thursday, as well as an Advance Notice of Proposed Rulemaking (ANPR) about the costs and benefits of collecting HMDA data.CUNA has repeatedly called on the CFPB to raise the closed-end mortgage loan and open-end line of credit reporting thresholds to exempt as many credit unions as possible from HMDA reporting. Credit union concerns with the HMDA rule have been discussed in numerous meetings and other communications with Director Kathy Kraninger and her staff.“We thank the CFPB for responding to continued credit union and small lender engagement on this matter and for issuing a proposal to provide some relief from HMDA requirements,” said CUNA President/CEO Jim Nussle. “The HMDA rule has disproportionately burdened credit unions despite no evidence of past wrongful conduct. We look forward to engaging with the CFPB during the rulemaking process and will continue to advocate for the CFPB to increase these thresholds further.last_img read more

Google cancels developers gathering due to coronavirus

first_imgA game developers conference in San Francisco was postponed last week, after Facebook and Microsoft withdrew from the event due to concerns about the spread of novel coronavirus. Facebook recently canceled its F8 developers conference, the biggest annual event for the US tech giant, due to virus worries.Like Google I/O, the F8 gathering in the Silicon Valley city of San Jose typically draws throngs of software makers from around the world who collaborate with the tech giant on its platform.Face-to-face interaction at San Jose conference center will be replaced with online presentations. Topics : Google on Tuesday cancelled its major annual gathering of software developers amid concerns over the deadly coronavirus.The internet giant said it nixed the festival-like event Google I/O event scheduled for May a short distance from the “Googleplex” in the Silicon Valley city of Mountain View.”Due to concerns around the coronavirus [COVID-19], we’ve decided to cancel this year’s physical event at Shoreline Amphitheatre,” a Google statement said.center_img A Google developers’ account tweeted: “It’s sad that we won’t be able to gather as a developer community but your health and safety is our priority.”Google added it is exploring other ways for its developer community to connect and collaborate.The annual Google I/O conference typically attracts thousands of developers from around the world who get to mingle with one another and engineers from the internet company on ways to synchronize software and services to its array of offerings.It joins a growing list of global events that have been cancelled as the virus spreads around the world. last_img read more

SHOCKER! Dauda cancels Chippa contract

first_imgChippa United have confirmed that goalkeeper Fatau Dauda has cancelled his contract with the club.The Ghanaian, who was at the 2014 World Cup, joined United this season from Orlando Pirates.And now news reaching is the player has severed tie with the Chilli Boys, allegedly due to monies owed to him.Chippa team manager Peter Koutroulis confirms the news.”Yes, the player has cancelled his contract with us and is no longer here,” Koutroulis tells this website.”At the moment I can’t reveal details of his release but he has left us.”last_img