NAFCU Regulatory Affairs Counsel Ann Kossachev joins us on the program to discuss why NAFCU supports CFPB's TRID "Black Hole" fix. But before we got into the support part of the conversation, Ann provided us with what exactly this black hole is and why it's important to credit unions today.
We also addressed the possible cost savings for credit unions, when would the amendment pass or be implemented, and what can credit unions do in the meantime to support it as well. Check it out and let us know your thoughts.
Mike Lawson, Host
Married to a beautiful and wonderful wife, raising 5 kiddos (including twins!), enjoy helping others tell their stories, and love surfing SoCal waves. Keep it simple.