HMDA again?

Q.  Heather, I’ve heard some noise about HMDA (the Home Mortgage Disclosure Act, Regulation C). What are the changes? How can I tell if my credit union has to report […]

HMDA Reporting with Multiple Properties

Q. Heather, I have a HMDA (Home Mortgage Disclosure Act) Question. What if we have a member that is using a residential investment property for collateral to buy another residential […]

Threats to fee income continue

Threats to fee income continue During the last few months, we have noted growing pressure on financial institutions from multiple fronts to regulate, reduce or eliminate fee income generated from […]

Risk Based Pricing Notices on Business Purpose Loans

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Risk Based Pricing Notices on Business Purpose Loans Question: Are risk-based pricing notices (RBPN) required on business purpose loans? Answer: No.  RBPN’s are on required “in connection with an application […]

Providing Mortgage Disclosures on a Denial

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Providing Mortgage Disclosures on a Denial Q. Good morning Heather, I feel like this is a silly question – but I want to clarify it. If we receive a mortgage application […]

Lending to Minors

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Lending to minors Q. Can we do loans for people under 18?  I have never heard of it but apparently the credit union has made loans for members under 18 in […]

Got BSA Training?

Got BSA Training? We understand mandatory Bank Secrecy Act (BSA) training can get old, stale, annoying, difficult, etc. To that end, the Utah Credit Union Association would like to introduce […]

Compliance Essentials

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Compliance training Some of you may already know that we are conducting our annual compliance training series a bit differently this year.  While making plans for 2022, Liz White (our […]