Regulatory & Compliance

WASHINGTON — Credit union mortgage lenders are having to wrestle with how they will employ and pay their mortgage loan originators after a ruling from the Department of Labor that mortgage originators are not exempt from wage and hour laws.

WASHINGTON — ACUMA's launched its regional workshop series today with a meeting that has been scheduled to focus heavily on mortgage lending regulation and how CUs can not only survive in the current regulatory environment, but thrive.

Outstanding consumer credit increased $6 billion to $2.4 trillion in March, but fell $2.2 billion to $219.7 billion at credit unions, the Federal Reserve reported Friday.

NCUA names former SVP of Minnesota Corporate FCU to head conserved Twin Cities CU.

United Resources FCU–the new credit union attempting to form out of the remains of Western Bridge Corporate FCU–announced Friday that it has received approval from the NCUA Office of Corporate Credit Unions to distribute its business plan to Western Bridge members.

Colorado credit union also get restitution of $9,306