NCUA Issues Regulatory Alert Regarding Ability to Repay and Qualified Mortgage Rules

The National Credit Union Administration has issued a regulatory alert to all federally insured credit unions focusing on the Ability-to-Repay (ATR) and Qualified Mortgage (QM) requirements that go into effect on Friday, Jan. 10.

CFPB Releases Small-entity Compliance Guide for Remittance Transfers

The CFPB has released a small-business compliance guide highlighting issues that businesses—especially small businesses and those that work with them—should consider while implementing the new remittance transfer requirements.