Mellin comments on CFPB’s HMDA proposal, ANPR

Bill Mellin-90-4x5
William J. Mellin

New York Credit Union Association President/CEO William J. Mellin recently submitted a letter to the CFPB commenting on a proposal to raise the Home Mortgage Disclosure Act compliance threshold, and an Advanced Notice of Proposed Rulemaking examining a reduction in the number of discretionary data points that the CFPB requires mortgage lenders to collect.

 

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Mellin to NCUA’s Hood: Consider CU reputation when dealing with medallion loans

Bill Mellin-90-4x5New York’s credit unions have a long, established history of helping consumers, but the taxi medallion crisis is threatening that hard-earned reputation, New York Credit Union Association President/CEO William J. Mellin explained in a recent letter to NCUA Chairman Rodney Hood.

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NCUA extends deadline to qualify for streamlined CDFI application to Nov. 30

25542495_1752115101518706_2887136597949032630_oThe NCUA has extended the deadline for federally insured, low-income credit unions that want to become certified Community Development Financial Institutions to apply for qualification through the agency’s streamlined CDFI certification process. The deadline is now Nov. 30.

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