(please click ad for more information)

What's New?

At the Leagues

The Leagues

California & Nevada

Current News

Relevant Information—For You, By You
Tom Wolfe, Attorney with Moore Brewer Wolfe Jones Tyler and North

NEW CALIFORNIA MORTGAGE LAWS
updated 03/04/13 07:42 PM
Legislation May Affect Your CU
A series of bills, known as the California Homeowner’s Bill of Rights, was signed by Gov. Jerry Brown in 2012. These new laws impact mortgage lending practices in California, and credit unions operating in the state should be aware of their provisions.

The bills include the following provisions:

  • Dual tracking prohibition
  • Robo-signing prohibition
  • Single point of contact
  • Borrower remedies
  • Foreclosure property buyer maintenance
  • Notice of sale to tenants
  • Mortgage modification pre-payment fees
  • Limited statewide grand jury investigations

Click here to read New California Mortgage Laws on Page 17 within the February/March edition of Credit Union Digest.

 
print   email   share   share   share

SUPP. CAPITAL FOR RBC GAINS ADVOCATE updated 12/16/14 11:04 AM
McWatters Supports Model for CUs
National Credit Union Administration (NCUA) Board Member J. “Mark” McWatters recently said he supports including a supplemental capital provision in the agency's risk-based capital (RBC) rule to help credit unions meet the rule’s requirements.

CU DIRECT TO DONATE 20K TO CMN updated 12/16/14 11:03 AM
‘20 for 20’ Anniversary Campaign
CU Direct, the nation’s leading provider of lending, automotive, and strategic solutions for credit unions, is celebrating its 20th anniversary by holding a contest to donate $20,000 to one of the nation’s Children’s Miracle Network (CMN) hospitals.

NCUA MAY BE LIABLE FOR DATA BREACH updated 12/16/14 10:05 AM
Flash Drive with Member Info Lost
The National Credit Union Administration (NCUA) confirmed on Dec. 15 that a flash drive containing the personal information of Palm Springs FCU member was lost during a recent audit. The loss of data includes names, addresses, Social Security numbers, and account information.

PREPARE FOR HEALTH CARE REQUIREMENTS updated 12/16/14 09:42 AM
Also, Digital Media and Marketing
Federal health care law requirements, creating a quick digital message, and the marriage of innovation with marketing are all highlighted within the latest “Problem? Solved!” column in Credit Union Digest!