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Loan Originator Training – Have You Done Yours Yet?

Section 1026.36(f)(3)(iii) of Regulation Z requires credit unions to provide their loan originators with periodic training covering Federal and State law requirements that apply to the individual originator’s loan origination activities. What training will...

NCUA Offers New #Merger Resource for #CreditUnions

Is your credit union considering a merger? To expand on Erin’s post from earlier this month… The National Credit Union Administration’s Office of Small Credit Union Initiatives recently released a new resource to help credit unions...

Fines, Mergers, and Growth

Following the warning in January NCUA has started the process of assessing civil money penalties against credit unions that failed to file the call report on time. NCUA is reviewing each late filing to determine...

CFPB Proposes Amendment to QM Rule

On May 6th, the CFPB issued proposed amendments to the 2013 mortgage rules under Regulation Z (click here to read the proposed rule). Of particular importance to credit unions is the proposed cure mechanism...