Effective Jan. 10, 2014, mortgage lenders will be required to write their loans in compliance with new regulations from the Consumer Financial Protection Bureau. The transition could be easier on credit unions than the CFPB’s 3,500 pages of requirements suggest.
By the time next year rolls around, Truity Credit Union in Bartlesville, Okla., will be ready to comply with new mortgage loan requirements from the Consumer Financial Protection Bureau. Thanks to policies and procedures already in place, the final adjustments won’t likely be traumatic for the credit union.
Experts weigh in on compliance costs to members, credit unions.
Six guidelines in place, seventh coming in October.
Just over a year since it purchased noted mortgage CUSO Prime Alliance Solutions, Mortgage Cadence has been purchased by Accenture, an international financial services consulting and software firm.
International consulting and software firm buys Mortgage Cadence a year after it bought Prime Alliance Solutions.
A refresher on the ways that five popular tech tools can help your credit union.
PHOENIX — Despite competition from nonbank providers like Google Wallet and a growing consumer shift away from traditional checking accounts, credit unions are best positioned to provide what the consumer of the near future will demand. So said ProfitStars Director of Strategic Insight Lee Wetherington during his May 21 general...
Consumers are increasingly tapping their smartphones and tablets to manage their money, a trend that may push personal financial management tools into the mainstream and open new opportunities for credit unions to help their members in real time.
Helping members manage their money with personal financial management tools is a win-win move for credit unions and members. Add a mobile alert feature that keeps members on top of their spending 24/7, and they may be even more likely to improve their habits.