Integrate Your Lending Tech to Drive Member Value

Strategic Link partner CUNA Mutual Group shares thoughts on connectivity in lending tech to save time for staff, and members.

CFPB Punishes Mortgage Company for Steering Customers to More Pricey Loans

The CFPB has cracked the whip on a Utah mortgage company which allegedly incentivized loan officers for steering consumers into high-interest loans.

2010 Department of Labor Ruling Shows Up in CFPB Final Rule

The official commentary in a new final rule from the CFPB includes hourly pay among the “permissible methods of compensation” for MLOs, meaning credit unions will have to examine their loan officers’ primary duties to determine whether they qualify for minimum wage and overtime.

Nominations Open for National Credit Union Foundation Board

The National Credit Union Foundation is seeking nominations for three board seats—one system affiliate seat and two credit union executive seats, including the seat currently held by former BECU President and CEO Gary Oakland.

Mortgage Loan Officer Renewal Issue Resolved

The National Mortgage Licensing System has resolved the issue of some Mortgage Loan Originators’ status showing as exempt, when they should have been eligible for renewal. The status for all Mortgage Loan Officers is now correct.

Most Mortgage Loan Officers Must be Paid Overtime

A U.S. District judge in Washington, D.C., recently upheld the DOL administrative interpretation that says mortgage loan officers are not exempt from overtime under the Fair Labor Standards Act, a ruling that will impact many credit unions.

Retired SMCU CEO Bob Harvey Arrests Suspect in Robbery of His Former Credit Union

Former SMCU CEO Bob Harvey kept his “night job” as a reserve police officer after his retirement last summer. He’s made hundreds of arrests, but on March 9, Harvey arrested a suspect who had allegedly robbed his former credit union two weeks earlier.

Free CMG Seminar: Changing Environment, Emerging Risk

Find what your credit union can do in this changing environment to protect your board and implement good governance practices by Joining CUNA Mutual Group in Federal Way, Wash., or Lake Oswego, Ore.

Annual Business Meeting Kicks Off Convention

Invest in America draws round of applause for announcement of major Biz Kid$ support. Watch the slideshow of memorable moments from the event.

Examining Mortgage Loan Officer Compensation

Two recent regulatory actions highlight the significance of reviewing how you compensate your Mortgage Loan Officers.

Examining Mortgage Loan Officer CompensationCopy

Two recent regulatory actions highlight the significance of reviewing how you compensate your Mortgage Loan Officers.