Certification of Exemption from Foreclosure Mediation Due by Jan. 31

Credit unions in Washington and Oregon have until the end of the month to renew their Certification of Exemption from Foreclosure Mediation to avoid the mandatory mediation clauses in both states’ foreclosure statutes.

Regulatory Agencies Release Interagency Statement on Supervisory Approach for Qualified and Non-Qualified Mortgage Loans

The NCUA and three other federal regulatory agencies have released a Joint Interagency Statement on the Supervisory Approach for Qualified and Non-Qualified Mortgage Loans.

Reminder: Certification of Exemption from Foreclosure Mediation Due by January 31

Credit unions in Oregon and Washington have until the end of the month to renew the certifications to avoid the mandatory mediation clauses in the foreclosure statutes. The NWCUA’s compliance team has uploaded templates of the certifications online.

Legal Briefs

Your weekly update on the regulatory landscape.

CUNA Mutual Hosting Webinar on Proposed Qualified Residential Mortgage Rules

The webinar will feature representatives from the Credit Union National Association, PricewaterhouseCoopers, and CMG Mortgage Insurance Company, and will encourage comment by the August 1 deadline.

BSA, ACP, CIP & U

Treasury’s guidance allows credit unions to honor crime victims’ wish to keep their addresses secret, while also complying with Bank Secrecy Act provisions.