Authors Posts by CUNA

CUNA

CUNA (Credit Union National Association), based in Washington, D.C., and Madison, Wisconsin, is the premier national trade association serving America's credit unions. The not-for-profit trade group is governed by volunteer directors who are elected by their credit union peers.

CUNA also works with related organizations to provide products and services to credit unions. CUNA Strategic Services (CSS) partners with league service corporations to offer products, services, and technology that credit unions need to compete in the modern financial market.

Contact:

Rick Roseneck

(800) 356-9655 ext. 4933

CUNA discovers discrepancy in CFPB’s TRID rule, seeks answers

The Credit Union National Association (CUNA) asked the Consumer Financial Protection Bureau (CFPB) to clarify a discrepancy and to exempt credit unions that make five or fewer mortgages in a calendar year from the Know Before You Owe rule, which includes the Truth-in-Lending Act (TILA) and Real Estate Settlement Procedures Act (RESPA) Integrated Disclosures (TRID) in a letter today

CUNA advises balance in House mortgage bill

WASHINGTON, November 7, 2007 -- The Credit Union National Association (CUNA) Tuesday said it supports legislation intended to eliminate predatory mortgage lending practices, but advised that some provisions are "more appropriately tailored" for the mortgage brokerage industry than for depository institutions.