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October 26, 2016

Final Mortgage Servicing Rules Published

The new mortgage servicing rules have been published in the Federal Register with an effective date of October 19, 2017. Various requirements will not become effective until April 19, 2018. Accomplus previously posted a news piece summarizing the new mortgage requirements here.

October 21, 2016

League Submits Comment Letter to CFPB on Proposed TILA-RESPA Amendments

Illinois Credit Union League’s Compliance and Corporate Counsel, Katherine Romano Schnack, has submitted a comment letter to the Consumer Financial Protection Bureau (CFPB) on behalf of its member credit unions regarding the CFPB’s proposed amendments to the TILA-RESPA Integrated Disclosure Rule.

In the letter, Schnack reminded the CFPB that credit unions are drowning in regulations and the sheer volume of the TILA-RESPA rule “precludes it from being truly useful and helpful” and is a “prime example of the onerous regulatory compliance burden on credit unions.”


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At Accomplus, our priority is to be a one-stop compliance shop for credit unions. Our industry is always changing, and it can be hard to keep up. That's where we come in. If you need compliance help, you'll get a collaborative and simplified experience here.

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