Challenges (Surprise!); New NAFCU Resource - Mortgage Rules Webpage
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. Â The blog post is here. Â
The first question was:Â What are the biggest challenges facing credit unions in a negative way? Â The answer:
The second question:Â What are the biggest challenges facing credit union leaders on a personal level? Â 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. Â
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New Mortgage Rule Webpage. Â We are very excited about our new webpage to help organize compliance resources related to the CFPB's new mortgage regulations. Â Be sure to check it out! Â And, this page will be evolving as we add new resources. Â
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!