Compliance

Apprise Your Appraisals

New CFPB rule requires creditors to give applicants free copies of appraisals.

NCUA is Looking at Fair Lending Practices

NCUA will select a number of FCUs for fair lending exams this year.

High-Cost vs. Higher-Priced

New CFPB rules change the definitions and coverage of two types of mortgages.

Delivering Substance on Regulatory Relief

CUNA, the leagues, and CUs sent lawmakers ideas on reducing the reg burden.

Free Appraisals Must Be Provided to Applicants

New CFPB rule requires creditors to provide materials previously furnished only on request.

Compliance Q&A: Fair Credit Reporting Act (FCRA)

Does the Fair Credit Reporting Act (FCRA) permit a credit union to share credit report information with the applicant in connection with a loan denial?

Overdraft Protection Plans Getting A Closer Look

CUs have a tradition of offering their members free or low-fee products and services.

Compliance Q&A: Debit Card Disputes

Can a credit union reject a member’s debit card dispute if he wrote his PIN on the card’s back before it was lost or stolen?

More Mortgage Changes on the Horizon

Learn all you can about how your CU must comply with the CFPB’s mortgage regulations.

HUD Formalizes Discriminatory Effects Standard

The agency issues a final rule on whether a housing practice violates the Fair Housing Act.

Credit Union Magazine

Look into the Future of Finance

Finovate Highlights Industry's Best and Brightest

Scenes from FinovateSpring 2013

Gladwell: CUs are David to Banks’ Goliath

Lessons in Crisis Management from Sept. 11

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.