CFPB Issues New HMDA Amendment Rule
The Bureau of Consumer Financial Protection has issued an interpretive and procedural rule to implement and clarify section 104(a) of the Economic, Growth, Regulatory Relief and Consumer Protection Act. This amended the Home Mortgage Disclosure Act (HMDA). Also...Millennials Use Retirement Funds for Down Payments
Nearly 30 percent of Millennials are tapping into their retirement savings for down payments, according to a new report from Down Payment Resource. More than a third of Millennials who want to buy their first home will do so within a year, the report found....Personnel File
In this week’s Personnel File, banks and design firms add to their ranks. Office Gallery International Erin Curran joins Norwood-based Office Gallery International as a design project manager. Curran previously worked in merchandising at Boston’s Museum of Fine...CCUA CEO to Depart for Top Post at New Jersey CU
Paul Gentile, president and CEO of the Cooperative Credit Union Association, will leave his post in the fall to become president and CEO of Rahway, New Jersey-based Merck Employees Federal Credit Union. The CCUA, which represents credit unions in Massachusetts, Rhode...More Clarity on Fintech Regulation Should Lead to More Innovation
The U.S. Office of the Comptroller of the Currency announced earlier this month that it would begin accepting applications for national bank charters from fintech companies, a move that will likely streamline the regulatory process for pioneers in the banking space....This Week’s Paper: Digital Edition
