Rule would expand the definition of small creditor and increase loan origination limits.
Company will insure various types of mortgages on an individual, bulk, or pool basis.
RealtyTrac predicts a “boomerang wave” as seven-year credit repair period comes to an end.
The $18B Virginia-based credit union’s plans include mergers and business alliances with other credit unions in Nebraska.
Session comes as modifications are set to go into effect Aug. 1.
Expect the CFPB to scrutinize overdrafts, payday lending, prepaid cards, auto loans and mortgage lending.
The Supreme Court TILA disclosure ruling will not affect credit unions that already follow TILA best practices.
Wells Fargo and JPMorgan Chase receive order to pay $35.7M in penalties for illegal mortgage kickbacks.
If lenders follow TILA best practices and perform post-closing audits, the Supreme Court ruling shouldn't require action, one credit union CEO opines.
Credit unions can acquire auto loans and mortgages from other financial institutions.