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.
Your weekly update on the regulatory landscape.
The CFPB proposed two rules this week. The first is the culmination of more than a year’s worth of work testing and revising mortgage disclosure forms. The second expands the protections given members who enter into “high-cost” mortgage loans.