CUNA outlines housing finance reform principles to HFSC

CUNA supports the creation of an efficient, effective, and fair secondary market with equal access for lenders of all sizes, it wrote to the House Financial Services Committee Thursday. The letter follows up a joint letter CUNA sent Wednesday to the committee for its hearing on government-sponsored entity (GSE) reform. “Credit unions are significant participants in the secondary mortgage […]

Mississippi CU Association to host September workshop

The Mississippi Credit Union Association will host a workshop, “2018 Mortgage Lending Made Easy: 4 Steps to Originating a Compliant Real Estate Loan” in Gulfport, MS, on Wednesday, Sept. 26 from 8:30 a.m. to 4:30 p.m. This training opportunity is available for credit unions in Alabama and Florida. This course is a comprehensive overview of […]

Vining Sparks hosts Sept. 20 mortgage webinar

Vining Sparks will present a webinar, “Mortgage Market with a Focus on CMOs,” on Sept. 20 exclusively for credit unions. This is the fifth in the 2018 webinar series. Mortgage related securities fulfill important and diverse roles for many credit union portfolio managers. The wide range of available terms and structures available within the sector […]

CU Happenings – Sept. 7, 2018

Five Star Continues to invest in Dothan by opening two new branches Five Star Credit Union continues its investment in Dothan by opening two new branches in the coming months with anticipated openings late in the first quarter of 2019. Five Star is currently under construction with the new structures – one on 231 South […]

Hike the Hill planned for next week

Hike the Hill, the LSCU’s annual grassroots lobbying trip to Washington, D.C., is less than a week away. Join us Sept. 12-13. With regulatory burden a continuing issue, tax reform on the horizon, and data security continuing to be a priority, the League needs grassroots advocates to join them on the Hill and bring the credit union […]

JMFA looks at overdraft program vulnerabilities

Cheryl Lawson, EVP-Compliance Review for JMFA writes an article, “Does your overdraft program leave you open to a lawsuit?” studying issues with credit unions’ existing programs.  What’s the difference between a service-oriented, fully disclosed overdraft program that is clearly and responsibly presented to account holders … and one that is used solely to earn revenue, at all […]