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.

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.

HUD Announces Revised Disclosure Notice on Military Homeownership Rights

The Act mandates that a foreclosure proceeding against certain military personnel is not valid unless the creditor has obtained a court order approving it and further states that the courts may stop the proceedings for a time or adjust the debt.