While the credit union remains closed for the first half of a day this October, its employees will teach financial literacy in schools all over Washington.
With spring comes final TILA/RESPA planning; question about NSF fees answered; plus this week’s legal briefs.
BECU is among seven financial institutions selected to pilot eClosing with the Consumer Financial Protection Bureau.
Complying with the Consumer Financial Protection Bureau’s first six mortgage rules, which became effective in January, didn’t fundamentally change the mortgage process for members. Complying with the seventh new rule, however, will absolutely change the disclosures and mortgage process for your members.
The Consumer Financial Protection Bureau has released its long-awaited final rule for Integrated Mortgage Disclosures under RESPA and TILA.
The weekly Regulatory Advocacy Update outlines the NWCUA’s efforts to reduce the regulatory burden on credit unions and protect the larger movement. Included here is an update on the CFPB’s efforts to combine RESPA and TILA into a comprehensive rule.
The CFPB is continuing its process of combining the federal Truth in Lending disclosures with the required Real Estate Settlement Procedures Act HUD-1 settlement statement, entering the second phase of its â€œKnow Before You Oweâ€ project.