Federal Issue Briefs

Post bmills@westernbankers.com

Relief Needed on TRID Disclosure
Summer 2018

Community banks are facing considerable challenges trying to comply in good faith with the Consumer Financial Protection Bureau’s (CFPB) mortgage disclosure regulation (TILA-RESPA Integrated Disclosure, TRID) with respect to residential construction-only loans.

The Issue

Post

Farm Credit System Reform
Summer 2018

The Farm Credit System (FCS) is a $321 billion government-sponsored enterprise (GSE) that competes directly with banks, making farm, ranch, consumer, housing, business and energy loans.

The Issue

Post

Equal Tax Treatment for Credit Unions
Summer 2018

Credit unions were established in the 1930s for the purpose of providing credit to people of modest means. In order to support that mission, credit unions were granted federal income tax-exempt status. Unfortunately, the credit union industry today is no longer serving that purpose, a fact supported by several Government Accountability Office studies, which have found that traditional banks, not credit unions, are the financial institutions serving the greater proportion of low- and moderate-income households — people of modest means.