Articles by Michael McLain

Manage HELOC End-of-Draw Risks

Determine the nature and magnitude of your CU’s exposure.
Michael McLain
No Comments
Determine the nature and magnitude of your CU’s exposure.
Read More

Agency Expands HMDA Requirements

Expect the CFPB's final rule in mid-2015.
Michael McLain
No Comments
CFPB expands HMDA to help spot discriminatory or other negative mortgage lending trends.
Read More

Complying With Ability-to-Repay and QM Rule

NCUA examiners to take into account a CU’s good-faith effort to comply.
Michael McLain
No Comments
NCUA examiners to take into account a CU’s good-faith effort to comply.
Read More

Integrated Mortgage Disclosures Improve Clarity

CFPB’s consolidated final rule streamlines TILA/RESPA requirements.
Michael McLain
No Comments
CFPB’s consolidated final rule streamlines TILA/RESPA requirements.
Read More

CFPB’s Mortgage Servicing Requirements

Final rule covers periodic statement requirements, interest-rate adjustments, and more.
Michael McLain
No Comments
Final rule covers periodic statement requirements, interest-rate adjustments, and more.
Read More

Mortgage Servicing: What’s in Store?

New rule includes an exemption for small servicers.
Michael McLain
No Comments
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

Get Ready for CFPB’s Ability-To-Repay Rule

The rule will have a significant impact on CUs’ mortgage programs.
Michael McLain
No Comments
This final rule expands the ATR requirements to include most closed-end mortgages—with a few exceptions.
Read More

Agency Protects Stay-At-Home Spouses

Rule change may provide easier access to credit cards for millions of people.
Michael McLain
No Comments
Regulation Z amendment allows card issuers to consider a working spouse's income as that of the applicant's under certain conditions.
Read More

New Rules for Open-End Lending

CUs can’t require any form of credit verification when members request advances, NCUA rules say.
Michael McLain
No Comments
Review policies and procedures to ensure conformance with NCUA’s updated guidance.
Read More

‘Know Before You Owe’ Continues to Evolve

CFPB develops new ‘loan estimate’ and ‘closing disclosure’ forms.
Michael McLain
No Comments
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

What's Popular

Popular Stories

Recent Discussion

Your Say: Should CUs Impose Age Limits for Directors?

View Results Poll Archive