The NCUA has posted a three-part Consumer Protection Update on its consumer website MyCreditUnion.gov to explain new rules on mortgage lending and international remittances required under the Dodd-Frank Act.
"One of the reasons why we created NCUA's Office of Consumer Protection was to educate credit unions about consumer protection issues," NCUA Board Chairman Debbie Matz said in a statement on Tuesday.
"Anyone at a credit union with responsibility for underwriting or servicing mortgages or making international wire transfers would benefit from watching these videos and reviewing the related material on our consumer protection website," Matz said.
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