Weak economy, low interest rates and most of all, regulatory burden, cited in responses.
Study shows 77% of senior financial services managers would consider ending relationships because of compliance concerns.
The CFPB has defined high-cost, first-lien mortgages as those that exceed prime by 1.5 percentage points.
Regulatory compliance, invoicing and other areas that may have been under the priority radar a few years ago, have aggressively come to the forefront at many credit unions.
Recently finalized rules and regs on mortgages expected to be among topics.
Bank regulator finds channel for the most part falls under well-established existing rules.
Credit unions pose diverse regulatory challenge, but some things apply to all sizes.
Live on Dec. 5, “The Future of Regulation and Compliance: What You Need to Know to Successfully Prepare Your Organization” – is now online.
Presenters are chief NCUA examiner, New York securities litigation attorney and strategic planning, leadership author.
I disagree strongly with the premise behind the article, “Does NCUA Disdain the Dual System?” (Aug. 8 issue, page 1). It’s important to set the record straight.