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.
LAS VEGAS — Morning sessions for big ideas and breakout sessions to look up close marked the ACUMA conference here this week.
LAS VEGAS — Executives with two credit unions active in mortgage lending urged credit unions to appoint in-house “housing czars.”
A mortgage servicing settlement proposed by Iowa Attorney General Tom Miller is under intense scrutiny by several state attorneys general.