Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
New Resource Compiles CUNA Mortgage Compliance Tools
WASHINGTON (9/18/13)--There is a new, one-stop compliance resource page to help all Credit Union National Association members with compliance issues related to the Consumer Financial Protection Bureau's 2013 mortgage rules.
 
Valerie Moss, CUNA senior director of compliance analysis, in unveiling the new resource noted that the CFPB has issued more than 5,000 pages of new regulatory requirements for mortgages, including its Qualified Residential Mortgage and Ability-to-Repay rules. They go into effect in January 2014.
 
"CUNA's compliance team has been working at a feverish pace over the past few months to provide credit unions with useful compliance information to help them make sense of the 5,000-plus pages of new regulatory requirements," Moss said. "CUNA members can now access all that information in a single location." (Use resource link.)

Notable resources available to credit unions on the new mortgage rules include:
  • CUNA's e-Guide, a dues-supported online compliance manual, which contains summaries, resources, latest developments and frequently asked questions on the rules;
  • CompBlog, CUNA's dues-supported compliance blog, which regularly covers the new rules among many other hot compliance topics;
  • CUNA's CompBlog Monthly Wrap Up newsletter, a compilation of the month's best compliance information;
  • Compliance articles in Credit Union Magazine exploring several of the new mortgage rules;
  • Compliance charts on the various regulations, complete with key dates;
  • Training opportunities available from CUNA's Center for Professional Development; and
  • CompNotes, CUNA's newest resource that breaks each rule down into more manageable pieces.
To access CUNA's new, one-stop compliance resource page, CUNA members can use the resource link below.
RSS print
News Now LiveWire
Access to Affordable Mortgages Act passed by Hse Fin Serv. 31-23.CUNA says bill gives CUs reg relief & incr. access to mortg credit.
38 minutes ago
Bill sponsor said will support amndmt to incl. NCUA in the study & delay the agency's risk-based capital plan b4 full House vote. 2of2
46 minutes ago
Bill directing banking agencies to study appropriate capital requirmnts for mrtg servicing assets for nonsystemic banks clears committee1of2
49 minutes ago
The .@FinancialCmte passed #HR4042 and #HR5148 this morning. Both are reg. relief bills and have the strong support of @CUNA
51 minutes ago
FHFA today announced it's extending comment deadline for guarantee fees Fannie, Freddie charge lenders to Sept. 8.
17 hours ago