RESPA's QWR; TCCUSGP Extended; Newsletter Document Updated
Posted by Anthony Demangone
If you have received a qualified written request from a member per RESPA, you probably groaned a bit. Â The requests can be intimidating. Â On the surface, QWRs appear to require a ton of work, and you often wonder if you are being set up for a lawsuit or some other type of shenanigans.Â
Along those lines, I found this article from the American Banker Association's Banker Journal that details steps financial institutions can take to more efficiently handle such requests.  The article provides a general overview of QWRs, and it provides citations and legal explanations that you should find to be useful.  A very good read, indeed.
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NCUA has extended the expiration date of the Temporary Corporate Credit Union Share Guarantee Program, also known by its easy to remember acronym, TCCUSGP. Â Really? Â That acronym may be the worst one. Â Ever.
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NAFCU members: Â Did you know that we have a master .pdf document that includes all of our newsletters since 1999? Â Â This document is a treasure trove of articles, guidance and "questions and answers." Â Note that the information is included as it was originally printed, so some information will be outdated. Â That being said, I use the document on a weekly basis.Â