CUNA: CU Membership Passes 108 Million Nationwide

September was another strong month for credit unions according to CUNA senior economist Perc Pineda.

Compliance Center: CFPB Issues Interim Final Rule on Operations in Rural Areas Under Regulation Z

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.

New Federal Application Process Could Result in More “Rural” Designations for Mortgage Lenders

Some Northwest credit unions may find mortgage lending regulatory flexibility in a new process to receive “rural” designation.

Compliance Center: Regulators Release Updates to Unified Agendas

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.

Offer TRID Grace Period: NWCUA to CFPB

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.

Compliance Center: CFPB Releases Updated Regulation Z Thresholds

Get the new Reg Z thresholds; your question answered about which loans are exempt from TILA/RESPA rule; plus this week’s legal briefs.

Compliance Center: CFPB Releases New Tools as Part of ‘Know Before You Owe’ Mortgage Initiative

Learn about the CFPB’s new tools; your question answered on tolerance violation refunds under TILA/RESPA; plus this week’s legal briefs.

News & Notes: Here’s What’s Happening Around the Northwest

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.

Compliance Center: Safe Harbor Obtained!

Get the low down on the recent MLO training course; your question answered about money laundering red flags; plus this week’s legal briefs.

Compliance Center: CFPB Releases PMI Cancelation and Termination Guidance

Get the latest on the CFPB’s guidance; your Compliance Question of the Week answered; plus this week’s legal briefs.

Compliance Center: Register for CUNA’s 8 Hour SAFE Comprehensive Mortgage Loan Originator Course

Learn more about the course and register; your question answered about periodic training for mortgage loan originators; plus this week’s legal briefs.

Compliance Center: Supreme Court Rules Junior Mortgages Cannot Be Voided in Bankruptcy

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.

Compliance Center: Supreme Court to Hear Mortgage Rescission Case This Week

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 Chosen for CFPB’s eClosing Pilot

BECU is among seven financial institutions selected to pilot eClosing with the Consumer Financial Protection Bureau.

Class Action Lawsuit Could Require Work by Credit Unions

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.

News & Notes: Here’s What’s Happening Around the Northwest

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.

CFPB Proposes Minor Changes to the Ability-to-Repay Rule

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?”