CUNA attorney says credit unions will continue to make QM business decisions up to today's compliance deadline.
Credit unions are bracing for the adjustments they'll have to make to comply with new 2014 regulations.
Advocacy group says SBA loans to minorities, women shrink while big banks tighten up on community businesses.
Bureau alleges deceptive practices, collecting funds not owed, excessive interest charged on part of CashCall Inc.
Qualified mortgage rules ready to roll while efforts to stall continue.
Regulator targets health-care lending subsidiary for accrued interest practices.
The Consumer Financial Protection Bureau issued a final rule Nov. 20 that requires the use of new, simplified mortgage disclosure forms available in English and Spanish that detail the terms of a mortgage to homebuyers.
Cash America must repay $14 million, told to change practices. Military targeting, robo-signing cited.
Fewer than 1% defaults on full-financing mortgage option, biggest credit union says.
While it would seem like credit card compliance issues are in the rearview mirror, now is the perfect time for credit unions to review their procedures to ensure they remain compliant.