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THE WORKS BlogCredit Union Compliance News & Views

To Do: Update Policies by January 1

I’ve been reviewing a lot of real estate lending policies lately, and a common issue I am finding is out-of-date thresholds. The CFPB’s Ability-to-repay/Qualified Mortgage rule and Home Ownership and Equity Protection Act (HOEPA)...

We’ll Take What We Can Get

I don’t know about you, but it is starting to feel a little bit like a NASA control room around here. Each day that ticks by represents another second being counted down toward the...

Game Time!

This week, I thought I would do a little something different with my blog post.  In what is perhaps another weird aspect of my personality, I really enjoy taking tests.  I used to crush...

Regulators, Mount Up!

Not to show my age, but like many, I happen to be a child of the 90s. I was reminded of that this past weekend when an “I Love the 90s” group of recording...

Show Me the Money!

Is your credit union involved in indirect lending?  If so, make sure you are paying close attention to your pricing strategy and fair lending risk. Do you still offer discretionary pricing to your dealers? This...

Slow and Steady is the Pace

We are slowly starting to receive more information from the CFPB when it comes to guidance on how HMDA reporting will look as we prepare for the changeover. They recently published a “HMDA Loan...