March 12, 2014

Reg Compliance School reviews mortgage regs

March 13, 2014 – Attendees at NAFCU's Regulatory Compliance School reviewed the CFPB's new mortgage rules with Steve Van Beek, the association's former vice president of regulatory compliance, during another full day of compliance programs.

Van Beek covered the new rules, including the ability-to-repay and qualified mortgage rules, in a two-hour session focusing on what credit unions need to know about the new definitions and requirements. Van Beek, now an attorney with Howard & Howard Attorneys PLLC, also spoke on Regulation Z and consumer loans.

Suzanne Garwood, a partner at Venable LLP, gave a presentation on Regulation B and fair lending requirement, and later joined Bart Shapiro, a principal at Offit Kurman, to lead a session on the Real Estate Settlement Procedures Act.

Today is Regulatory Update Day at School, with sessions focusing on the latest from NCUA and the CFPB, as well as a look at unfair, deceptive or abusive acts and practices, and the Truth in Lending and Real Estate Settlement Procedures Act.