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.

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TEENS ATTEND BITE OF REALITY updated 05/15/13 12:47 PM
Program Hosted by Patelco CU
Nearly 40 students from Roseville High School’s Advancement Via Individual Determination (AVID) program got a “bite of reality” May 8 when they attended an interactive financial education simulation designed to teach them how to manage money.

IMPROVE CHECK DEPOSIT PROCESSING updated 05/15/13 02:13 PM
Reasons to Use Teller Capture
Check deposits continue to be a significant part of a teller's daily duties, and in fact, account for 90 percent of transactions. Reducing the costs associated with the check deposit process can significantly add value to your credit union.

NATIONAL CU TAX ADVOCACY PLAN COMING updated 05/14/13 12:16 PM
Leagues, CUNA Prepare for Defense
As congressional legislators meet to consider bipartisan tax reform, the credit union not-for-profit tax status must be explained and defended in Congress, according to discussions between state leagues and the Credit Union National Association (CUNA) on Tuesday morning.

CUs CAN ENTER 'GEN Y' CONTEST updated 05/14/13 11:13 AM
NerdWallet.com Will Award Grants
NerdWallet.com—an online service offering objective, personalized, and comprehensive consumer financial information—is holding a Gen Y Credit Union Contest to encourage credit unions to come up with innovative, far-reaching plans to engage "Generation Y."