Compliance Center: NCUA Releases Guidance on Private Student Loans with Graduated Repayment Terms

New student loan guidance calls for orderly repayment, less payment shock; your question answered about IRS refunds; plus legal briefs.

Inter-Agency Guidance Issued for HELOCs Nearing the End-of-Draw Periods

Five federal regulatory agencies and the Conference of State Banks Supervisors issued new guidance for HELOCs nearing their end of draw periods. Also in today’s Anthem: Legal Briefs, and the Question of the Week: “Can a credit union sell a reposed vehicle?”

CALCOE Federal Credit Union’s Non-Prime Auto Loans Put Members on Road to a Better Future

CALCOE Federal Credit Union is partnering with the National Credit Union Foundation and the Filene Research Institute to pilot two new products that it hopes will promote thrift and provide greater access to credit. One will offer affordable auto loans to credit-challenged consumers; the other will reward borrowers who make payments on time with rates that can go even lower.

CFPB Releases Report on Mortgage Servicing Problems

A CFPB report details mortgage servicing problems at banks and other institutions. Many of the issues the report uncovers are harmful to consumers.

NCUA Releases Interagency Statement Outlining Impact of Biggert-Waters Act

A joint statement issued by the NCUA and other federal agencies discusses the effective dates of certain provisions of the Biggert-Waters Flood Insurance Reform Act of 2012, as well as the act’s effect on the agencies’ proposed Interagency Questions and Answers.

Video: Engage Tech-Savvy Borrowers, Drive Auto Loan Growth with CUNA Mutual’s New Auto Lending App

CUNA Mutual Group’s new patent-pending mobile lending app is the most technologically advanced app of its kind in the entire financial services industry, allowing consumers to quickly access a vehicle’s history by scanning its VIN and to start applying for a credit union loan by scanning their driver’s license.

Legal Briefs

Your weekly update on the regulatory landscape.

FHFA Issues New Standard Short Sale Guidelines

The Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac are issuing new guidelines to their mortgage servicers to standardize short sale practices that will go into effect Nov. 1.

CFPB Issues Proposed Mortgage Servicing Rules

The CFPB issued two notices of proposed rulemaking designed to protect homeowners from surprises and mistakes made by mortgage servicers. The two notices contain nine specific provisions regarding mortgage lending.

Legal Briefs

Your weekly update on the regulatory landscape.

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.

Legal Briefs

Your weekly update on the regulatory landscape.

Oregon Department of Justice Issues Mortgage Servicing Rule

The Oregon Department of Justice issued a temporary rule that covers anyone engaged in mortgage loan servicing in Oregon, including lenders, servicers and servicing agents. The rule took immediate effect upon being issued on Jan. 27.

NWCUA Representatives Speak On Mortgage and Foreclosure Issues During Oregon Legislative Days

This Oregon Legislative Update outlines recent legislative days in the Oregon Legislature, which included testimony on behalf of credit unions from Hal Scoggins and Pam Leavitt. Also included is Oregon’s November revenue forecast and a political update for the state.

Administration Enhances Foreclosure-Help Program

The Federal Housing Finance Agency announced changes to the Home Affordable Refinance Program to attract more underwater borrowers who could benefit from refinancing their home mortgages.

Regulatory Advocacy Update: Association Weighs in on Important Proposals

The Northwest Credit Union Association pushes regulatory agencies as onslaught of new rules impact credit unions and consumers.