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Some Breathing Room… CFPB Delays TRID

On June 17th the Consumer Financial Protection Bureau (“CFPB”) announced they would be issuing a proposed rule to delay the effective date of the TILA/RESPA Integrated Disclosure Rule (“TRID”). Yesterday we got our first...

New Era for Commercial Lending Compliance?

NCUA has started to make in-roads regarding regulatory relief in a surprising way. At their recent board meeting, NCUA announced a proposed rule to ease regulatory restrictions impacting member business loans (MBL).

August 1, 2015: The Day the Pre-Approval Died?

With only 65 days left until the Consumer Financial Protection Bureau’s Integrated Disclosure Rule takes effect, you’ve got time to listen to Don McLean’s 1971 classic about one more time (that song is REALLY...

CFPB Mortgage Toolkit

Currently, under Section 1024.6 of Regulation X (RESPA) your credit union is required to provide the CFPB’s Settlement Cost Booklet on applications for the purchase of a 1-4 family residential property. In association with...

Small Creditor Comment Period Closing Soon…

On February 11th the Consumer Financial Protection Bureau (“CFPB”) published a rule in the Federal Register that proposes to expand the definition of small creditor under Section 1026.35 of Regulation Z. Currently a lender...