Compliance Center: CFPB Updates Interpretive Rule on Homeownership Counseling
Final rule on homeownership counseling lists; question answered on CIP; plus this week’s legal briefs.
Anthem
The Difference: Family Climbs Back From the Financial Brink
Through counseling and strategic credit, a Washington family regained their financial footing with help from Newrizons Federal Credit Union.
NCUA Issues Regulatory Alert Regarding HOEPA Rule
The National Credit Union Administration has issued a regulatory alert to all federally insured credit unions focusing on the new Homeownership Counseling and Consumer Protection Requirements under HOEPA requirements that go into effect on Friday, Jan. 10.
CFPB Launches Web Tool to Help Consumers Find Housing Counselors
The Consumer Financial Protection Bureau has launched an online tool to help consumers find local HUD-approved counseling agencies.
New Options for Toll Free Credit Counseling for Credit Card Statements
Following the NFCC’s decision to charge for previously free toll-free numbers, there are other free options available, but CUs must be aware of the compliance issues if they switch providers.