Monthly Credit Union Compliance Enewsletter
NAFCU's Compliance Monitor is a NAFCU member-only bi-monthly enewsletter designed to help credit union compliance officers manage their regulatory compliance responsibilities.
The June 2021 issue is available now!
In This Issue
Price-Based General QM Definition: In-Depth: The CFPB recently amended its qualified (QM) mortgage rule to move away from a debt-to-income ratio towards a price-based standard for the general QM definition. Find charts summarizing what has, and has not, changed in this rule, as well as a discussion of the recent delay in the deadline for this change.
A federal court in Virginia recently dismissed a class action lawsuit alleging vehicle purchase loans were covered by the Military Lending Act.
Important upcoming dates and deadlines for credit union regulatory compliance requirements.
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