Nearly 300 credit unions logged in for CUNA’s first Membership Webinar last week and got a preview of a bombshell study showing the cost of the regulatory burden is $6.6 billion.
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The CFPB has issued exam procedures for the SAFE Act, and the NCUA, DCBS and DFI are all likely to use these procedures to inform their own examinations.
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.