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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.

                           
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YOUTH FLOCK TO FIN. LITERACY EVENTS updated 04/22/14 12:07 PM
CUs Catch the 'Save Wave'
Credit unions in California and Nevada are celebrating National Financial Literacy Month and National Credit Union Youth Week™ (April 22-27) with a number of programs and events.

CO-OP SUPPORTS 'SHOP FOR MIRACLES' updated 04/22/14 11:02 AM
Fundraising Program for CMN
CO-OP Financial Services is supporting Shop for Miracles—a one-day charitable program to raise funds for Children’s Miracle Network (CMN) Hospitals—through its Miracle Match Program.

JOBS, WAGES, CONFIDENCE: THE FUTURE updated 04/21/14 12:56 PM
Silver Linings for CA, NV
People borrow money for many purposes. Buying a home, remodeling, purchasing a new car, vacations, and weddings come to mind.

CFPB RELEASES DISCLOSURE FORM GUIDE updated 04/21/14 10:25 AM
Also, CA Unclaimed Property Program
The Consumer Financial Protection Bureau (CFPB) has released a guide to completing TILA-RESPA Integrated Disclosure Forms—a companion to the small Entity Compliance Guide the bureau recently released.