News Feed

CFPB Regs on Ability to Repay and Qualified Mortgages & 2014 NCUA Fair Lending Examinations

October 30th, 2013 9:00 AM – 4:00 AM


 

CFPB Regs on Ability to Repay and Qualified Mortgages

&

2014 NCUA Fair Lending Regs

 

Presented by nationally recognized credit union attorney Andy Keeney

 

 

Effective January 10, 2014 – CFPB Regulations on Ability to Repay and Qualified Mortgages

After issuing over 1,000 pages of regulations to address the underwriting requirements for first mortgage loans and a mandatory evaluation to ascertain the member’s ability to repay the mortgage, the CFPB has spent the summer updating the regulations.  The new rules take effect approximately 70 days from this very timely seminar.  If the requirements of the regulations are not met, your credit union may have difficulty selling the mortgage in a secondary market. 

This program will address the new underwriting guidelines, loan reviews and loan approvals.  There will be detailed discussions regarding pros and cons of qualified mortgages.  You will walk away with a to-do list, best practices, and checklists to help your credit union get ready for the January regulations.

2014 NCUA Fair Lending Examinations 

NCUA and the CFPB have made it very clear that fair lending is something that should be on everyone’s compliance agenda.  NCUA has issued a new fair lending guide and announced that they will be conducting fair lending examinations for 2014. 

This program will provide you with an overview of the fair lending laws and regulations and make sure you understand the significance of the warnings/guidance that NCUA has provided the credit union.  A comprehensive list of all fair lending documents has been compiled and all participants will receive the documentation including checklists, best practices and a comprehensive handbook of all that is available on fair lending. 

 

Speaker



Andy Keeney, Esquire, co-chair of the Kaufman & Canoles National Credit Union Team, currently serves as the general counsel for numerous credit unions.  He is a top speaker at industry events and regularly receives rave reviews. Keeney has been representing credit unions for more than 30 years.  His practice includes all aspects of credit union representation. 

 


Agenda

8:30 a.m. – Signing in, networking, light breakfast
9:00 a.m. to 4:00 p.m. – Training
Lunch will be provided.

Tuition Reimbursement – New Asset Ceiling Eligibility!

Maryland and D.C.-based credit unions with up to $150 million in assets may be eligible for up to 75% educational reimbursement from the Credit Union Foundation of MD & DC. For details and an application, visit http://www.cufound.org/training.htmor contact Training Director Diane Pinter, dpinter@mddccua.orgor 443-325-0779.
 

 

MD & DC Credit Union Association
8975 Guilford Road
Suite 190
Columbia, MD 21046

Event Info

When

October 30th, 2013 9:00 AM – 4:00 AM

Where

MD & DC Credit Union Association
8975 Guilford Road
Suite 190
Columbia, MD 21046

Contact

Phone: 443-325-0779
Email:

Help spread the word

Please help us and let your friends, colleagues and followers know about our page : CFPB Regs on Ability to Repay and Qualified Mortgages & 2014 NCUA Fair Lending Examinations


You can also share the below link in an email or on your website.
https://www.mddccua.org/index.php?q=civicrm/event/info&id=543&reset=1

Submit Content

Upcoming Events