Articles by Michael McLain
Expect the CFPB's final rule in mid-2015.
May 3, 2014
CFPB expands HMDA to help spot discriminatory or other negative mortgage lending trends.Read More
NCUA examiners to take into account a CU’s good-faith effort to comply.
March 1, 2014
NCUA examiners to take into account a CU’s good-faith effort to comply.Read More
CFPB’s consolidated final rule streamlines TILA/RESPA requirements.
February 16, 2014
CFPB’s consolidated final rule streamlines TILA/RESPA requirements.Read More
Final rule covers periodic statement requirements, interest-rate adjustments, and more.
December 31, 2013
Final rule covers periodic statement requirements, interest-rate adjustments, and more.Read More
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