HMDA thresholds continued: The partial exemption
Recently we blogged about the Home Mortgage Disclosure Act (HDMA) and the reporting thresholds found in Regulation C. Today, we’ll focus on another set of thresholds in Regulation C – ...
The latest from John Pettit
Credit Union House celebrates 20th anniversary, elects new board
In celebration of its 20th Anniversary, the Credit Union House Board of Directors held a ceremonial ribbon cutting to kick off their Annual Meeting on February 27. Credit Union House ...
NAFCU meets with FHFA to discuss plans to address appraisal bias and modernization
NAFCU Regulatory Affairs Counsel Aminah Moore met with the Federal Housing Finance Agency (FHFA) to discuss their plans to address appraisal bias and modernization. From the meeting, the FHFA made ...
Diversity Insight: VyStar Credit Union delivering on its one core value, ‘lead by example’
At VyStar Credit Union, we believe in the importance of standing up for what we believe in, dedicating ourselves to our members and supporting communities we have long called home. ...
What happens after your house offer is accepted?
If you’re a first-time homebuyer, there’s nothing quite as exciting as hearing that your offer has been accepted. Many people get so excited they start composing their moving ...
CFPB issues compliance bulletin aimed at thwarting illegal automobile repossessions
At the end of February 2022, the Consumer Financial Protection Bureau (CFPB) released a compliance bulletin regarding the potential for illegal automobile repossessions, in violation of the Dodd-Frank Act’s ...
Focus: Strategy’s secret weapon
Strategic initiatives. Action plans. Timelines. Every credit union or community bank in some form or fashion has (or should have) a sense of what their overall focus strategy is when ...
How does debt consolidation work?
Americans average about four credit cards per person with an average balance of about $8,000. Add in a car payment and an outstanding medical bill, remembering to make all ...