ALEXANDRIA, Va. — CUSOs required to report basic profile information at end of 2015, get ready next year.
In contrast to current meteorological trends, predictions for the coming regulatory climate, according to one consultant, show escalating temperatures with little chance of relief.
Continuity Control's Perdue says nearly 12% of community financial institutions facing reg action of some kind.
Continuity Control consultant sees scrutiny moving downstream to smaller financial institutions.
Agency handles growing number of requests as compliance gets more complicated.
WASHINGTON—Richard Cordray, director of the Consumer Financial Protection Bureau, defended his agency’s qualified mortgage regulations against recent criticism during the Mortgage Bankers Association annual convention here Oct. 28. (See more coverage on page 3.)
Revised NCUA rule discussed at the Regional CUSO Alliance meeting last week in Cincinnati.
Technological advancements are changing the ways credit unions comply with fair lending laws.
New mortgage lending rules from the Consumer Financial Protection Bureau could affect the willingness of credit unions to offer new mortgage loans, a new CUNA survey showed.
WASHINGTON — CFPB director tells confab that 95% of current mortgage lending will qualify.