Your Association has a bevy of resources to help untangle the compliance burden credit unions face every day.
NCUA letter focuses on federally insured credit unions as originating lenders in indirect lending arrangements; your question answered about Social Security payee accounts; plus this week’s legal briefs.
Can we require a borrower to triple the amount of money that goes into their escrow account?
With lender liability lawsuits on the rise, credit unions could be at risk for class action lawsuits. Our Strategic Link business partner, the CUNA Mutual Group, details the three most common flaws leading to legal liability.
A bulletin released last week by the CFPB provided indirect auto lenders within the CFPB’s jurisdiction with suggestions for limiting fair-lending risks under the ECOA for discriminatory dealer markups.
Having identified the need to update rules governing fair housing and flood insurance, the NCUA adopted a final rule that will require credit unions to update both their Equal Housing Lender sign and the standard flood hazard determination form.
This week marks the final days of the 2012 legislative session in Oregon, where negotiations are continuing on mortgage lending and foreclosure bills. Two such bills have already passed the Senate during this short session.
The CFPB released its official Mortgage Origination Examination Procedures, which will serve as a “field guide for CFPB examiners” as they examine mortgage originators in all sectors of the financial services industry.
Can a credit union require a borrower, who has a less than stellar credit history, to triple the amount of money that goes into the escrow account?
As legislative leaders anticipate ending the session on time, a bevy of bills that affect credit unions circulate including one concerning selling loans on the secondary market.