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.
Romero will guide the Federation in helping credit unions best serve low- and moderate-income consumers and provide affordable financial services to the underserved.
CO-OP Financial Services highlights two Northwest credit unions who pursue their social missions by reaching out to underserved communities.
The regional SBA team is asking credit unions to share their knowledge of the needs of underserved entrepreneurs.
Newrizons, Lighthouse Community, and Point West were featured as CDFI success stories in a new video series from the NCUA. Read an update on Point West’s CDFI status since the video was filmed.
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.
With 2013 in the rear-view mirror, Anthem asked Northwest credit union presidents and CEOs to reflect on the past, consider what lies ahead and talk about the challenges — and the opportunities — that await credit unions in 2014. Today: Suzy Fonseca, president and CEO of Lower Valley Credit Union, talks about what it means to “serve the underserved.”
The CFPB has amended the 2013 Escrows for Higher Priced Mortgages Rule. Our compliance team breaks down the changes to the final rule as it impacts county designations and consumer protections.
The CFPB has issued two new documents pertaining to the Truth in Lending Act.