Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

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
.@NACHAOnline report: ACH volume increases to 23B payments in 2014 http://t.co/va2WYMh4Zv
15 hours ago
.@CUNA's @HampelBill in @washingtonpost on options for wary mortgage borrowers: http://t.co/CPSgTNgwmm
21 hours ago
Housing starts thaw, mortgage rates stand pat #Market #NewsNow http://t.co/hhPj5v5AH3
21 hours ago
.@CUNA files #RBC2 comment, urges #CU system to be heard #NewsNow http://t.co/yfoZHAMlZc
21 hours ago
#NewsNow Youth Month attracts 100,000th member for Mich. CU http://t.co/cgF5o83XlK
22 hours ago