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.
Agency joins other regulators in addressing concerns about liability under Equal Credit Opportunity Act.
Technological advancements are helping to simplify the way credit unions comply with fair lending laws.
Trade group says credit unions cite third-party vendor issues, fear that lending could slow or stop.
Steve Van Beek has left NAFCU to join the business law practice of Howard & Howard at the firm’s office in the Detroit suburb of Royal Oak, Mich.
From increasing services to mitigating risks, the benefits of partnering with CUSOs and other vendors run the gamut, experts say.
Governor calls proposed regs "groundbreaking." They would, among other things, forbid such coverage from insurer affiliated with servicer.
Online resources include guides, blogs, newsletters and articles about bureau's mortgage regs.
With the effective date of the revised loan participation rule less than one week away, credit unions and CUSOs have taken another look at their lending programs to see if any adjustments need to be made.