BECU is Closing its Doors for Good

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.

Compliance Center: It’s Gut-Check Time for TILA/RESPA Compliance

With spring comes final TILA/RESPA planning; question about NSF fees answered; plus this week’s legal briefs.

BECU Chosen for CFPB’s eClosing Pilot

BECU is among seven financial institutions selected to pilot eClosing with the Consumer Financial Protection Bureau.

‘Simplified’ Mortgage Disclosures Won’t Be a Simple Change for Credit Unions

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.

CFPB Releases Final TILA-RESPA Combined Disclosure Rule

The Consumer Financial Protection Bureau has released its long-awaited final rule for Integrated Mortgage Disclosures under RESPA and TILA.

Regulatory Advocacy Update: Overview of CFPB’s Proposed ‘Know Before You Owe’

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.

CFPB Begins Mortgage Closing Form Revisions

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 “Know Before You Owe” project.