ALEXANDRIA, Va. (1/9/14)--National Credit Union Administration Chairman Debbie Matz and Consumer Financial Protection Bureau Director Richard Cordray will join forces for a Feb. 12 town hall webinar.
The 3 p.m. (ET) webinar will feature a broad discussion of federal financial consumer protection regulation. "This webinar will be a great opportunity for credit union leaders and compliance officials to engage their regulators and get answers to important questions, especially on CFPB's new mortgage rules," Matz said. The CFPB's Qualified Mortgage and Ability-to-Repay rules go into effect this Friday.
Use the resource link below for registration information. During the webinar, participants will be able to type in questions about any topic relating to the credit union industry or the work of CFPB.
Participants may also submit questions to the agency in advance of the session at WebinarQuestions@ncua.gov. The subject line of the email should read "NCUA-CFPB Town Hall."
Just this week, the NCUA issued a Letter to Credit Unions (14-CU-01) that pledged the agency's field staff will take into account a credit union's good-faith efforts to comply with the new qualified mortgage regulations as they conduct their early-stage examinations. Use the second resource link to access the guidance.