Increases in mortgage origination share mean Community Reinvestment Act compliance could be on the horizon.
The NCRC recommends the CFPB make public data from all lenders on pricing, denials and even a business owner's personal loans.
Guidance issued by NCUA, Fed, FDIC and OCC says QM rules compatible with Community Reinvestment Act.
Excise tax measure would apply to any credit union holding commercial loans in excess of 10% of its assets.
I recently received an email from a group of Washington lawyers who ply various trades of a legal nature, including trying to convince credit unions that switching to a mutual charter (with the not-so-subtle understanding of a later move to stock) would be a great idea.