A mortgage servicing settlement proposed by Iowa Attorney General Tom Miller is under intense scrutiny by several state attorneys general.
The settlement proposes a strict set of new mortgage servicing regulations. Opponents say that while it intends to address allegations against certain mortgage servicers for improper foreclosures and loan servicing, it could unfairly affect all mortgage servicers.
Oklahoma Attorney General Scott Pruitt said, "It has the potential to greatly affect all of these entities, including community banks and credit unions," Pruitt said. "It would be right for credit unions to be concerned about how this would affect their business and how they service loans to customers."
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Natasha Chilingerian
Natasha Chilingerian has been immersed in the credit union industry for over a decade. She first joined CU Times in 2011 as a freelance writer, and following a two-year hiatus from 2013-2015, during which time she served as a communications specialist for Xceed Financial Credit Union (now Kinecta Federal Credit Union), she re-joined the CU Times team full-time as managing editor. She was promoted to executive editor in 2019. In the earlier days of her career, Chilingerian focused on news and lifestyle journalism, serving as a writer and editor for numerous regional publications in Oregon, Louisiana, South Carolina and the San Francisco Bay Area. In addition, she holds experience in marketing copywriting for companies in the finance and technology space. At CU Times, she covers People and Community news, cybersecurity, fintech partnerships, marketing, workplace culture, leadership, DEI, branch strategies, digital banking and more. She currently works remotely and splits her time between Southern California and Portland, Ore.
