- Hispanic Resources
Articles by Michael McLain
New rule includes an exemption for small servicers.
November 1, 2013
As required by the Dodd-Frank Act, the CFPB will require periodic statements for most closed-end mortgages—not just open-end loans.Read More
The rule will have a significant impact on CUs’ mortgage programs.
September 8, 2013
This final rule expands the ATR requirements to include most closed-end mortgages—with a few exceptions.Read More
Rule change may provide easier access to credit cards for millions of people.
July 24, 2013
Regulation Z amendment allows card issuers to consider a working spouse's income as that of the applicant's under certain conditions.Read More
CUs can’t require any form of credit verification when members request advances, NCUA rules say.
December 31, 2012
Review policies and procedures to ensure conformance with NCUA’s updated guidance.Read More
CFPB develops new ‘loan estimate’ and ‘closing disclosure’ forms.
October 1, 2012
CFPB’s “Know Before You Owe” project is an effort to combine the early disclosures required by TIL and RESPA into one document.Read More
Agency targets mortgage originations, escrow accounts, and high-cost loans.
July 20, 2012
The Consumer Financial Protection Bureau addresses mortgage originator standards, high-cost mortgages, and escrow accounts.Read More
Agency puts priority on consolidated mortgage disclosures.
May 21, 2012
Agency puts priority on consolidated mortgage disclosures.Read More
SCRA’s interest-rate limitations trigger requirements under Truth in Lending and Reg Z.
March 22, 2012
The first thought a CU has when it learns a member is in the military or is about to go on active duty is that it will have to comply with the Servicemembers Civil Relief Act.Read More
But fees are still limited during the first year following account opening.
January 13, 2012
The original rule regarding the limitation of fees during the first year after an account is opened remains in place and credit unions should continue to comply with it.Read More