September was another strong month for credit unions according to CUNA senior economist Perc Pineda.
The Consumer Financial Protection Bureau (CFPB) issued an Interim Final Rule that broadens the availability of certain provisions for small creditors that operate in rural or underserved areas. The new rule, which takes effect on March 31, 2016. Read today’s Compliance update to find out more.
Some Northwest credit unions may find mortgage lending regulatory flexibility in a new process to receive “rural” designation.
Get details on the updated Unified Agendas of the CFPB, NCUA, and other federal regulatory agencies; your question answered about Reg E claims where no error occurred; plus this week’s legal briefs.
The Association sent a letter to the CFPB with three requests regarding upcoming TRID implementation, the most urgent of which is for a transitional implementation grace period through the end of the year.
Get the new Reg Z thresholds; your question answered about which loans are exempt from TILA/RESPA rule; plus this week’s legal briefs.
Learn about the CFPB’s new tools; your question answered on tolerance violation refunds under TILA/RESPA; plus this week’s legal briefs.
Join Kitsap Chapter for charity golf tourney; Red Canoes overflow; Consolidated Community paints giant Rip City; ACU’s Leonard inducted into Hall of Honor; Volunteer with WSECU for financial reality fair; Solarity hires mortgage lending officer.
Get the low down on the recent MLO training course; your question answered about money laundering red flags; plus this week’s legal briefs.
Get the latest on the CFPB’s guidance; your Compliance Question of the Week answered; plus this week’s legal briefs.
Learn more about the course and register; your question answered about periodic training for mortgage loan originators; plus this week’s legal briefs.
Learn more about the Supreme Court’s decision; your question answered about cashing an “on-us” check; plus this week’s legal briefs.
Compliance Center: CFPB Proposes Amendment to Small Creditor, Rural or Underserved Areas Definitions
Learn more about the proposed CFPB amendment, learn how to verify a U.S. Treasury check, plus legal briefs.
The Supreme Court is set to hear arguments this week about how and when borrowers can rescind their mortgage, plus question of the week and legal briefs.
BECU is among seven financial institutions selected to pilot eClosing with the Consumer Financial Protection Bureau.
A class action lawsuit may trigger an avalanche of paperwork for credit unions. The suit was filed on behalf of consumers who were charged fees for using their debit cards at ARCO gas stations and ampm minimarts. Also today: Legal Briefs, and the Question of the Week.
Numerica wins an AGORA Award for business excellence; St. Helens breaks ground on new branch; Fibre Federal to celebrate new Rainer branch with non-profit donations; OSU Federal plans community shred days; Unitus and Columbia credit unions make new lending hires.
The Consumer Financial Protection Bureau (CFPB) released proposed amendments to the ability-to-repay rule. Also in today’s Anthem: Legal Briefs, and the Question of the Week: “When advertising a loan product, if I want to disclose the APR, what else am I required to disclose?”