Compliance Center: NCUA Releases Guidance on Private Student Loans with Graduated Repayment Terms

New student loan guidance calls for orderly repayment, less payment shock; your question answered about IRS refunds; plus legal briefs.

NCUA Rules Require Written Loan Workout and Nonaccrual Policies by Month’s End

The NCUA issued final rules in May 2012 requiring each federally insured credit union to adopt written policies addressing loan workouts and loan nonaccrual by Oct. 1, 2012.

Model Forms for Mortgage Statements

Financial institutions will likely need to update mortgage loan statement forms to comply with Dodd-Frank changes to the Truth in Lending Act. The CFPB has issued a prototype form statement to serve as a starting point and is now accepting feedback.