Items Tagged with 'cfpb'

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Mortgages that fall into the high-cost or higher-priced category have certain restrictions and requirements, so it’s important to understand what they are.

CUs consistently offer lower and fewer fees than their bank competitors.

The new rules already dominate compliance planning for the next year, but CUs must save capacity for potential disclosure changes.

To implement these rules, credit unions must amend policies and forms, train staff, and adopt new procedures.

The bulk of the new mortgage rules won’t take effect until next year

Collective sigh of relief over small servicer exemption is premature.

Prepare for a long path of increased regulatory changes affecting virtually every consumer product and service.

In mid-January, the CFPB opened the floodgates, and mortgage lending rules began gushing out.

Dodd-Frank authorized the CFPB to facilitate innovation and to approve trial disclosure programs.

New rules will recast mortgage lending from application to servicing.