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Nussle: Credit unions are working to close housing access gap

America’s Credit Unions President/CEO Jim Nussle wrote to the House Financial Services Housing and Insurance Subcommittee to provide the credit union perspective ahead of Wednesday’s hearing to examine current challenges for homebuyers.    Nussle highlighted credit unions’ commitment to furthering financial inclusion and the industry’s long history of assisting members with homebuying, financial literacy, and …

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Credit unions look to increase housing access, reduce ownership gaps

Credit unions support legislative solutions to improve access to housing and reduce gaps in homeownership rates, America’s Credit Unions President/CEO Jim Nussle wrote to the Senate Banking Committee ahead of its hearing on housing affordability. Credit unions believe in supporting their members and their communities by creating products and services designed to suit member needs, …

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CFPB mischaracterizes home closing costs as ‘junk fees’ 

The CFPB released a blog post Friday outlining their belief that home closing costs include some “junk fees,” under the bureau’s definition, and are too much of a burden for mortgage borrowers who are already taking on a huge financial undertaking.   The CFPB cites the “median amount paid by borrowers was nearly $6,000” in …

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Credit unions look to improve housing access, reduce ownership gaps

Credit unions look forward to engaging with Congress to develop solutions to improve access to housing and reduce gaps in homeownership rates, President/CEO Jim Nussle wrote the House Financial Services Committee Wednesday. The committee will hold a hearing today on oversight of the Department of Housing and Urban Development (HUD). “Credit unions support legislation and …

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