Part I: Inside the CFPB's Mortgage Proposals

On-Demand Webcast: Available until September 5, 2013

Note: No longer available for purchase. Check out the CFPB Mortgage Reform Webcast Series for up-to-date information.

Open to all credit unions, regardless of membership or charter type!

The Dodd-Frank Act requires the Consumer Financial Protection Bureau (CFPB) to make numerous changes to the mortgage lending process – including the disclosures provided to members after application as well as prior to settlement.  During this webcast, NAFCU’s Director of Regulatory Compliance Steve Van Beek, Esq., NCCO, will provide an overview of the CFPB’s 1099-page TILA/RESPA proposed rule and highlight areas where the proposed rules will drastically change your credit union’s existing lending practices. Additionally, the webcast will review the CFPB’s proposed rule to expand the definition of “high cost” mortgage loans and the potential impact on credit unions.

JUST ADDED - On Friday, August 10, the CFPB released additional proposed rules on mortgage servicing. This special, extended webcast will now also address the implications of these proposed rules on your credit union.

While these regulations are currently in the proposal stage, the CFPB must finalize the “high cost” proposal and the mortgage servicing proposals by January 21, 2013. This short turnaround time makes it extremely important that you understand the proposals and how they will impact your current mortgage lending practices.

By attending this webcast, participants will walk away with:

• A firm understanding of the CFPB’s mortgage proposals and how they will impact your credit union;
• A straightforward explanation of the technical changes that are proposed – including the proposal to change the definition of finance charges and the possible impact on the annual percentage rate (APR) on mortgage loans;
• An early indication as to which proposed mortgage changes are most likely to cause future headaches for compliance officers and loan officers; and
• An overview of the latest mortgage servicing proposals from the CFPB. 

For a sneak preview, check out Van Beek’s recent blog post on the proposed changes at the CFPB in the NAFCU Compliance Blog from Friday, Aug. 10 and Tuesday, Aug. 14. 

NCCOs will receive 3 credit hours for this webcast.

Industry Leading Speakers:

Steven Van Beek, Esq., NCCO 
Director of Regulatory Compliance
NAFCU

Steve is responsible for all aspects of NAFCU's compliance assistance program and compliance-related products and services. He previously served as regulatory compliance counsel at NAFCU, where he assisted credit unions with a variety of compliance issues, addressed regulatory topics at NAFCU events and authored compliance articles for NAFCU publications, including the popular NAFCU Compliance Blog. Prior to that, Van Beek joined NAFCU as an intern with the regulatory compliance and regulatory affairs divisions. 

Credit union staff that will benefit from this webcast include:

• CEO and Presidents
• C-Level Staff
• Vice Presidents
• Compliance/Legal/paralegal/Attorney and Risk Staff
• Education and Learning Staff
• Employee Development/ HR and Training Staff
• Advisory Committee
• Board Member/Chairs and Volunteers
• Lending and Loan officers and Mortgage and Real Estate Officers
• Research Staff 
  

NAFCU's webcasts include live streaming video and audio of the presenters along with presentation slides and downloadable handouts.  You can easily submit your questions to the presenters at any time and there is no dialing in over the phone!  The audio and video stream directly through your computer

Registration Fees

On-Demand webcasts are available for up to 12 months after the live broadcast and are included in the registration fee.

Broadcast live from NAFCU's Headquarters in Arlington, VA.