Narrow FOMs and membership expansions could cause credit unions to unknowingly violate fair lending laws.
Free session will include coverage of best practices and an overview of the regulator’s fair lending exam program.
Credit unions in the Golden State approve 54.73% of mortgages compared to 48.78% nationwide.
The nation's highest court agrees to hear a third disparate impact case. The first two were settled out of court.
Navy Federal's 100% financial mortgage charges a higher rate and in the process generates a HMDA red flag for regulators.
According to the NCUA's 2013 annual report, another 41 credit unions receive off-site fair lending contacts.
Technological advancements are changing the ways credit unions comply with fair lending laws.
Technological advancements are helping to simplify the way credit unions comply with fair lending laws.
The NCUA and CFPB have placed more emphasis on Fair Lending laws and HMDA data collection in 2013, and credit unions can expect more in 2014.
NCUA, CFPB promise more rules and exams in the year ahead.