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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 CFPBs 3,500 pages of requirements suggest.

Two-hour hearing includes credit union witnesses.

An estimated 10,000 credit union employees, members and volunteers need assistance, NCUF said.

An estimated 10,000 credit union employees, members and volunteers need assistance, NCUF said.

NCUA chief economist said higher rates have decreased mortgage loan activity.

NCUA chief economist said higher rates have decreased mortgage loan activity.