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News (CompliancePro Blog)

Final Garnishment Rule Is Out, Clarifies Proposal

Source: Credit Union National Association

As of June 28, a new final rule issued by the U.S. Treasury Department and several other federal agencies will establish procedures that credit unions must follow when they receive a garnishment order against an account holder who receives certain federal benefit... More

CFPB Proposes CUNA-Sought Credit Rule Delay

(FROM CUNA's NEWS NOW, May 8)

The Consumer Financial Protection Bureau has favorably responded to the Credit Union National Association's recent request that the agency delay a June 1 effective date relating to the prohibition on financing certain credit insurance charges. The provision is contained... More