Written by Steve Van Beek
My colleague Anthony Demangone (you may remember him as "the Compliance Guy") put together a great blog post a few weeks back based on input from his blog readers. The blog post is here.
The first question was: What are the biggest challenges facing credit unions in a negative way? The answer:
The second question: What are the biggest challenges facing credit union leaders on a personal level? The answer:
And, that was before the mortgage regulations were finalized. And it was mostly managers/executives responding - imagine the response from compliance officers! Here is to hoping the regulators (and, just as important, Congress) are listening.
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New Mortgage Rule Webpage. We are very excited about our new webpage to help organize compliance resources related to the CFPB's new mortgage regulations. Be sure to check it out! And, this page will be evolving as we add new resources.
For example, we'll be adding articles from future Compliance Monitors - for now, check out the February article on Escrow Requirements for Higher-Priced Mortgage Loans (NAFCU members-only).
Of course, if you have feedback - please let us know!
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