NCUA Releases Regulatory Alert to Remind Credit Unions of ECOA Valuations Rule

The regulatory alert reminds credit unions of the Consumer Financial Protection Bureau’s new rule on real estate appraisals and valuations under the Equal Credit Opportunity Act, and also serves as a reminder of the Jan. 18, 2014, compliance date.

Legal Briefs

Your weekly update on the regulatory landscape.

New Joint Rule on Appraisals for Higher-Priced Mortgages Released

Seven agencies issued a joint rule this week requiring lenders to perform an appraisal on all higher-priced mortgage loans prior to extending the loan.

Appraisals: A Tale of Two CFPB Proposals

The CFPB has issued two rulemaking proposals regarding appraisals, both of which come as a product of the Dodd-Frank Act.