2022 Year in Review: How Past Regulatory Changes Will Influence Future Compliance Considerations
Tuesday, December 6, 2022, at 1 p.m. central time
Session Description
Arguably, no area of credit union compliance sees more change on a regular basis than residential lending. The past 11 months have held true to form, and 2023 promises, even more, change for credit unions. Join ACUMA President Peter Benjamin and Regulatory Compliance Counsel Michael Christians for this jam-packed discussion of:
- Revised Regulation Z Thresholds for 2023
- Changes to the Qualified Mortgage Rule
- The New Supplemental Consumer Information Form (SCIF), and
- The Transition Away from the LIBOR Index
- 2022 Year in Review
Thank you to Black Knight for sponsoring this Lightning Round. Black Knight is a premier provider of innovative, high-performance technology, data and analytics for the mortgage market. The company’s best-in-class Empower® loan origination system offers the advanced functionality credit unions need to support point of sale through post-closing on one platform. Additionally, its integrated suite of origination performance solutions delivers unmatched capabilities and support to increase processing efficiencies, lower operational costs and improve the homebuying experience for all members. https://www.blackknightinc.com/
Sponsor Company Video link here.
- This session will be interactive so come with your questions.
- Open to anyone.
- Session will be recorded.
- By registering for this event, you submit your information to the webinar organizer and sponsor, who will use it to communicate with you regarding this event and their other services.
Speakers
Michael R. Christians
Regulatory Compliance Counsel, Michael Christians Consulting
Michael R. Christians serves as a Regulatory Compliance Counsel. As principal of Michael Christians Consulting, he assists financial institutions and organizations across the country with ensuring their compliance programs conform to federal laws and regulations. Christians provides counsel relative to current rules, assists with the strategic implementation of upcoming regulatory changes and offers customized education and training services. He has more than two decades of experience in the financial services industry with a primary focus on consumer compliance. Christians received his Law Degree from Drake University Law School. He is a member of the Iowa State Bar, where he is licensed to practice law.
Peter J. Benjamin, CMB
President, ACUMA
Peter J. Benjamin, CMB is the President of the American Credit Union Mortgage Association (ACUMA). A mortgage professional with 20 years of experience, Benjamin has held various positions throughout the mortgage industry including Senior Vice President of Mortgage Lending for Lafayette Federal Credit Union in Rockville, MD. During his time at Lafayette Federal, Benjamin led a high-performing mortgage team that exceeded production and budget goals each year, reduced the Credit Union’s cycle times to the industry-required timeframes; and improved the credit union’s application pull-through rate. As an association, Benjamin wants to see ACUMA members continue to foster the collaborative spirit that has made the association so great and work together to support the American Dream of homeownership. He sees ACUMA as a vital education arm that helps Member Credit Unions gain market share in the mortgage industry.
