Rules took effect Monday and Self-Help FCU sees benefits.
If a credit union or other mortgage lender makes the business decision to only offer qualified mortgages, that fact alone would not increase the likelihood of a fair lending exam.
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 — Sen. Elizabeth Warren says regs may be needed anew on bundled mortgage-backed securities.
WASHINGTON — CFPB director tells confab that 95% of current mortgage lending will qualify.
Dodd-Frank mandate requires CUs with more than 100 employees to file annual diversity self-assessments. NCUA will not use the exam process to assess diversity.
Among Thursday hearings postponed by congressman's passing was session on proposed CFPB changes.
Agency joins other regulators in addressing concerns about liability under Equal Credit Opportunity Act.
Trade group says credit unions cite third-party vendor issues, fear that lending could slow or stop.
The Consumer Financial Protection Bureau's online complaint database should be expanded to include all of the nation’s credit unions and banks, regardless of size, according to National Community Reinvestment Coalition analysis released Oct. 8.