Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
CUNA Mutual schedules Aug. 19 TILA/RESPA webinar
MADISON, Wis. (8/11/14)--CUNA Mutual Group is offering a free webinar on the Consumer Financial Protection Bureau's (CFPB) Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA) Integrated Disclosure Rule.
 
The webinar is free for all credit unions, runs from 11 a.m. to noon CT on Aug. 19 and concludes with a live question-and-answer session. It will introduce the TILA/RESPA Integrated Disclosure rule, its impacts, and what action steps credit unions need to take now and leading up to the Aug. 1, 2015 implementation of the rule.
 
"The TILA/RESPA Integrated Disclosure Rule will completely overhaul the way credit unions go about mortgage lending and will likely impact the types of mortgage lending credit unions engage in," said Jon Bundy, CUNA Mutual Group regulatory compliance manager. "It redefines disclosures for first mortgages and closed-end home equity loans."
 
The CFPB issued TILA/RESPA in November 2013 to simplify and improve disclosures consumers receive when applying for and closing on mortgage loans.
 
CUNA Mutual has also added it to its lending compliance resources with the hiring of Maureen Clark, assistant regulatory compliance manager, and Joe Luedke, assistant regulatory compliance manager. In these roles, Clark and Luedke will focus on lending and deposit laws and regulations, and the resulting compliance challenges facing credit unions.
 
"Strengthening our staff with the addition of Maureen and Joe allows us to do more to help credit unions navigate through these complex compliance issues so they can focus their resources on making loans," said Bill Klewin, CUNA Mutual Group director of regulatory compliance.
 
Clark and Luedke will provide regulatory lending compliance expertise to LOANLINER Document Solutions and loanliner.com lending system customers and develop lending solutions to help credit unions expand their loan portfolios, with a special focus on the mortgage compliance changes from the CFPB.


RSS





print
News Now LiveWire
16.9% of U.S. homeowners underwater, down from peak 31.4% in 2012, reports @zillow http://t.co/EbILqY1HMz
14 hours ago
Breaking at #NewsNow: President Obama signs IOLTA bill into law. http://t.co/5N741Bygmn
15 hours ago
.@edmunds says the week between Christmas and New Year's is the busiest car shopping time of the year.
16 hours ago
.@CFPB sues Sprint for cramming 3rd-party service fees onto consumers' bills http://t.co/mhlMWqLKku
17 hours ago
#HomeDepot #databreach lawsuits consolidated in Georgia http://t.co/A4bei5z0mV
18 hours ago