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Compliance Center: Compliance is a Burden. We Can Help.

Your Association has a bevy of resources to help untangle the compliance burden credit unions face every day.

Compliance Center: CFPB Releases PMI Cancelation and Termination Guidance

Get the latest on the CFPB’s guidance; your Compliance Question of the Week answered; plus this week’s legal briefs.

Compliance Center: Supreme Court to Hear Mortgage Rescission Case This Week

The Supreme Court is set to hear arguments this week about how and when borrowers can rescind their mortgage, plus question of the week and legal briefs.

CFPB Interpretive Rule on Successors-in-Interest

The CFPB issued clarification on the Regulation Z ability-to-repay requirements and successor-in-interest situations. Also today: Legal Briefs, and the Question of the Week.

Compliance Question of the Week

Can we require a borrower to triple the amount of money that goes into their escrow account?

NCUA Rules Require Written Loan Workout and Nonaccrual Policies by Month’s End

The NCUA issued final rules in May 2012 requiring each federally insured credit union to adopt written policies addressing loan workouts and loan nonaccrual by Oct. 1, 2012.

Legal Briefs

Your weekly update on the regulatory landscape.

Oregon Legislative Update: Short Session Winds Down With Focus on Foreclosure Legislation

This week marks the final days of the 2012 legislative session in Oregon, where negotiations are continuing on mortgage lending and foreclosure bills. Two such bills have already passed the Senate during this short session.

Oregon Department of Justice Issues Mortgage Servicing Rule, Take Two

The Oregon DOJ has suspended the temporary mortgage loan servicing rule it issued in January and issued a new rule on Feb. 15, 2012, that includes a handful of modifications.

Credit Union Comment Sought on Credit-Risk Retention Plan

The Association is seeking comment on a proposed credit-risk retention rule that would require securitizers to retain an economic interest in the credit risk of assets they securitize.

Compliance Question of the Week

Can a credit union require a borrower, who has a less than stellar credit history, to triple the amount of money that goes into the escrow account?