This webinar will cover two topics. Kathy Thompson and Andrea Stritzke will give you updates on newly issued CFPB rules and changes to current rules.
This event is produced by the CUNA Center for Professional Development and endorsed by the CUNA Lending Council.
CFPB Changes - Where the Action Is
TILA escrow, remittance transfer, free appraisals, mortgage servicing, FACTA, MLO Reg Z, Reg B appraisal rule, COPPA, ability to repay. Just some of the wave of regulatory rule changes over the past 12 months. Kathy Thompson - senior vice president of compliance & regulatory affairs - CUNA, will wade through the regulatory changes of the past year as well as provide insight into what the rest of 2013 will bring for the credit union lending/compliance environment.
CFPB Mortgage Rules
In a matter of ten days in January, the CFPB issued seven new mortgage rules. By now you may have read the summaries, but you are still wondering, what do I actually have to do by January 2014 to implement these in the credit union? We will discuss the scope and requirements of the new rules related to mortgage servicing, escrows, loan originator compensation, appraisals, HOEPA changes and the Ability to Repay/Qualified Mortgages. This session will help you determine which rules apply to the mortgage loans your credit union offers, including home equity loans, home equity lines of credit and first lien mortgage loans. We will discuss what steps your credit union needs to take to be in compliance and by when such actions must be completed.
This webinar is part of CUNA Lending Compliance eSchool, which starts June 11, 2013.
Who Should Attend
This webinar is beneficial for credit union compliance staff, lending managers and CEOs interested in an in-depth look at the regulations that affect lending operations of all loan disciplines - consumer, mortgage, member business and indirect. Affiliation with CUNA/League is required for attendance.