On Compliance: Regulation Z thresholds updated
Trying to keep up with compliance these days can feel as if you might be running in circles, or if you are like me, paying the price in the form of an abundant loss of [...]
Posts Tagged ‘Regulation Z’
Updates to Regulation Z thresholds
Trying to keep up with compliance these days can feel like you might be running in circles, or if you are like me, trying to keep up has caused an abundant loss of hair. New [...]
Unlocking the mystery of loan originator training
You know your mortgage loan originators (MLOs) and loan originators (LOs) need training. But do you know how much, and which type for each? We’re here to unlock the mystery. At CUNA, we provide [...]
Changes to the Military Lending Act: What your credit union needs to know
In July 2015, the Department of Defense (DoD) passed major changes to the Military Lending Act (MLA) with target compliance dates of October 3, 2015 and October 3, 2017. The 2017 date applies only to [...]
Unlocking the mystery of loan originator training
The separate training requirements imposed by the state-level SAFE Act (Regulation H) and the Truth in Lending Act (Regulation Z) continue to cause confusion in the industry. This article sets out to unlock the mystery [...]
Credit card submission agreement rules may be temporarily benched
by: Jane Pannier It’s a red-letter day when a cumbersome process is retired for the new and improved. The CFPB has recognized the glitches with the portion of Regulation Z that requires credit card [...]
CFPB should increase relief in ‘rural’ definition rule
The Consumer Financial Protection Bureau's (CFPB) proposal regarding rural and underserved areas is a positive step, but CUNA urged the agency to take further regulatory relief steps, in a comment letter filed Monday. The CFPB [...]
Fed and CFPB increase thresholds for Regs Z and M
The Federal Reserve Board and the CFPB announced on Wednesday they would increase the dollar thresholds for exempt consumer credit and lease transactions in Regulations Z and M, which implement the Truth in Lending and [...]
Fun new mortgage servicing rules: The error-resolution & information request rule
by Coppelia Padgett Just for fun, let’s break down the new mortgage servicing rules that are due to be implemented next January. In this series of articles, we are going to look at the [...]
Higher-Priced Mortgage Rules in Effect
by Jami Weems In June, amendments to rules affecting higher-priced mortgages took effect, making this an opportune time for credit unions to review mortgage lending policies and procedures to ensure compliance. The concept [...]
CFPB Rule Removes Credit Card Fee Prohibition
The CFPB on Friday finalized a rule that removes the regulatory prohibition against charging fees prior to the opening of a consumer's new credit card account. The CFPB’s final rule revises a Regulation Z [...]