Get Ready to Comply With These CFPB Rules

Published December 10, 2012, 9:08 a.m. EST

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Updated August 26, 2020, 10:33 p.m. EDT

1 Min Read

MIAMI-2013 could be the year of mortgage compliance changes for CUs, according to Lauren Calhoun, CUNA Mutual Group's regulatory compliance manager. Calhoun said it all depends on the CFPB, has issued seven proposed mortgage rules expected to be issued in final form by the end of 2012 or in January 2013, with others to follow.

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Other regulatory changes that could be ahead according to Calhoun: Know Before You Owe: Student Loans and Credit Cards; Overdraft Protection; Servicemembers Civil Relief Act; Payday Lending and Payday Alternative Loans; Pre-paid Reloadable Cards; Business Lending Data Collection.

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