The donations were made in connection with the credit union’s Veterans Appreciation Vehicle Loan promotion.
The Military Lending Act amendments officially went into effect on October 3.
Strategic Link partner CUNA Mutual Group details the final rule from the DoD on the Military Lending Act.
How to keep your credit union compliant with recent Department of Defense updates; your question answered about the act’s effect on auto refinancing coverage; plus this week’s legal briefs.
Gesa CU opens its eighth student branch, Mid Oregon CU pays it forward, Global CU promotes Military Saves Week, Sound CU announces a new Chief Business Services Officer.
Michael Murdoch of NW Priority shares how his credit union’s team took the late shift at a telethon to raise funds for veterans fighting mental health challenges.
The Consumer Financial Protection Bureau (CFPB) has released updated guidelines for its examiners on how to identify consumer harm and risks related to Military Lending Act (MLA) violations.
As consumers across the nation prepare for government sequestration and federal employee furloughs, Global Credit Union is offering short-term interest-free loans, no-fee loan extensions and penalty-free certificate withdrawals to give affected members the financial flexibility to live on a temporarily tightened budget.
The NCUA, FRB, CFPB and others jointly issued guidance concerning mortgage servicing practices that may pose risks to homeowners serving in the military.
The CFPB, now fully operational after the installation of Director Richard Cordray, recently established an advisory council for credit unions, a tracking system for financial scams targeting the military and a revamped form for mortgage disclosures.
Your update on the regulatory landscape.
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.