NAFCU witness Purvis stresses importance of credit unions’ access to secondary market in Senate Banking hearing – CUInsight

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NAFCU Witness Purvis Stresses Importance of Credit Unions’ Access to Secondary Market in Senate Banking Hearing FOR IMMEDIATE RELEASE Washington (July 20, 2017) -Charles Purvis, president and CEO of Coastal federal credit union (Raleigh, N.C.), will testify today on behalf of the National Association of Federally-Insured Credit Unions ( NAFCU ) before a Senate Banking Committee hearing on housing finance reform.

Various regulatory issues affecting the credit union community, including overdraft, the Home Mortgage Disclosure Act (HMDA) and unfair, deceptive, or abusive acts or practices (UDAAP), were discussed Tuesday by the NAFCU board and CFPB Director Richard Cordray at NAFCU’s headquarters.

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By a News Reporter-Staff News Editor at Investment Weekly News– According to news reporting originating from Washington, D.C., by VerticalNews journalists, a U.S. Securities and Exchange Commission filing by Federal Home Loan Bank of Des Moines was posted on July 11, 2017. The SEC file number is 0001325814-17-000135..

Coastal FCU’s Purvis to stress importance of CUs’ access to secondary market in hearing NAFCU witness Chuck Purvis, president and CEO of Coastal Federal Credit Union in Raleigh, N.C., today will emphasize during a Senate Banking Committee hearing the importance of ensuring that any housing finance reform plan preserve credit unions unfettered access to the secondary market, and under fair pricing conditions.

The Access to Financial Services through Credit Unions Project (referred to as the Credit Unions Project) was first introduced in April 2009 and during its initial phase one pilot, 1.9 million funding (both capital and revenue) was made available via Welsh Government and EU Convergence region funding

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About Financial Health Federal Credit Union. Financial Health Federal Credit Union was chartered on Oct. 18, 1971. Headquartered in Indianapolis, IN, it has assets in the amount of $25,913,065. Its 8,212 members are served from 3 locations. Deposits in Financial Health Federal Credit Union are insured by NCUA.

Prepared Remarks of CFPB Director Richard Cordray at the National Association of Federal Credit Unions.. the Advisory Council helps to fill this gap in our market understanding and keeps the lines of communication open.. The Consumer Financial Protection Bureau is a 21st century agency.