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CFPB Considers Mortgage Origination Rules

July 01, 2012
The CFPB plans to publish a Notice of Proposed Rulemaking this summer, and a formal comment period will follow. Expect final rules by January 2013. READ MORE

Serving Small Biz Important to Latino CUs

June 17, 2012
Sixty percent of small businesses can’t get needed credit. READ MORE

Know Before You Owe Mortgages: A Game-Changer

June 11, 2012
By proposing rules after soliciting feedback, CFPB has changed the rules of the rulemaking game—and spectators need to pay attention. READ MORE

The Strategy of Hope

June 05, 2012
We've all been there: A member applies for a small loan. “Start-up money,” she says, “for a new business venture. Not much, I only need a few thousand.” READ MORE

The Pros and Cons of Loan Automation

June 01, 2012
Retain the human touch, eliminate irregularities and improve loan efficiency. READ MORE

Mortgage CUSOs Must Develop BSA-AML Program

June 01, 2012
Those that offer residential mortgage services must comply with the rule by Aug. 13, 2012. READ MORE

Fed Amends Regulation D

June 01, 2012
Change will create a common two-week maintenance period for all depository institutions. READ MORE

CFPB Details Mortgage Servicing Rules

June 01, 2012
The CFPB will work extensively with consumers and the financial services industry to develop the proposed mortgage servicing rules. READ MORE

Expect a Modest Lending Comeback

June 01, 2012
Credit unions can expect loans outstanding to grow, fueled by an improving economy, the resulting job growth, and rising consumer confidence. READ MORE

Teaming Up With Walmart

May 31, 2012
While some see Walmart as a threat, some credit unions see opportunity and enjoy a healthy business relationship with the retail giant. READ MORE
May Cover

Credit Union Magazine

• May digital edition

May 2013

heroes

What's Popular

Popular Stories

Scenes from the 19th Annual CUNA CFO Council Conference

Survey Says: Americans Lack Credit Score Knowledge

Warren Morrow Named 2013 CU Hero of the Year

The ABCs of APT

Identify & Monitor Indirect Auto Lending Risks

Recent Discussion

In remembering Warren, the first thing I think of was his smile. He was a gentle, caring man who always thought of others first. I was honored to be a part of the MiOpportinidad project with Affinity Credit Union, Warren and Miriam. His hard work and dedication to that project was inspirational. Warren so deserves this award.

The author really understands the credit union philosophy and I really enjoyed the analogy of his bathroom remodel. The only thing missing was pictures of the finished bathroom! :)

Thank you Phillip for showing the differences between a Big Bank that is only looking to sell you products and a Credit Union that actually looks out for its members needs. Great article!

I love and give a standing ovation to Ron Kase and to other caring people just as much as those who passed away on 2012 like Warren Morrow at Des Moines Iowa. He worked hard for those who are under-served an under-represented, but wasn't mentioned in your magazine. It may be beneficial for the entire world to know about his accomplishments no for his benefit, obviously, but to increase the number of positive and caring people and to add members the CU. Just ask Coopera Consulting at Des Moines Iowa about Warren Morrow's legacy.

That’s right Lisa. The servicing rule would not require a credit union to create its own policies and procedures if all aspects of the servicing are delegated to a sub-servicer. However, remember that the credit union will have to conduct due diligence on the sub-servicer to make sure it is following the minimum requirements for policies and procedures. Unfortunately, even those credit unions that use a third party servicer will need to have a working knowledge of the CFPB’s servicing rule.

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