Compliance

National Supervision Policy Manual At-A-Glance

June 25, 2013
NCUA’s National Supervisory Policy Manual aims to ensure examiners treat CUs uniformly. READ MORE

Get Comfortable with Constantly Changing Regulations

June 18, 2013
Like death and taxes, the growing volume of complex regulations is inevitable. READ MORE

High-Cost vs. Higher-Priced

June 06, 2013
Mortgages that fall into the high-cost or higher-priced category have certain restrictions and requirements, so it’s important to understand what they are. READ MORE

Delivering Substance on Regulatory Relief

June 06, 2013
When it comes to regulatory relief, CUs deliver substance with the rhetoric. READ MORE

NCUA's National Supervision Policy Manual

June 01, 2013
Agency's manual requires examiners to act on unresolved DORs regardless of a CU's CAMEL rating. READ MORE

NCUA Addresses Troubled Debt Restructuring

June 01, 2013

The guidance describes in detail how examiners will apply the regulatory changes that the NCUA Board approved last year.

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CFPB Issues Guide on Truth in Lending

June 01, 2013
The CFPB in April released a “plain language” guide on the agency’s Ability-to-Repay (ATR) and Qualified Mortgage (QM) rule under Regulation Z (Truth in Lending). READ MORE

Agencies Clarify Changes to Flood Insurance Rules

June 01, 2013

After the promulgation of final regulations, the agencies expect to undertake a review of the interagency questions and answers and may propose changes as appropriate.

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Overdraft Protection Plans Getting A Closer Look

May 27, 2013
CUs consistently offer lower and fewer fees than their bank competitors. READ MORE

The Works Blog The Works Blog is produced by PolicyWorks LLC, Des Moines, Iowa.

#BSA #AML Examination Manuel Update released

On December 2nd the Federal Financial Institutions Examination Council (FFIEC) released the much anticipated revised Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual. An update for this manual had not been released since 2010. The revisions clarify supervisory expectations and incorporate regulatory changes since the last update. Numerous revisions have been made throughout the manual. Sections […]

#FannieMae & #FreddieMac’s New Guidelines Aim to Make Mortgage Lending Easier

New guidelines from Fannie Mae and Freddie Mac took effect this Monday, with the intent of relaxing lending standards for borrowers.  The new guidelines provide clarification on when lenders can be penalized for making mistakes in mortgages they sell to Fannie and Freddie.  Prior to the update, lenders  cautious of making a mistake kept strict standards […]

Proposed Changes to Mortgage Servicing Rules

On November 20th the Consumer Financial Protection Bureau (“CFPB”) proposed to amend several mortgage servicing rules under both Regulation Z and Regulation X. The proposed rule is 492 pages long and to date has not been thoroughly vetted. However, let’s take a look at some of the highlights: Successors in Interest: A successor in interest […]
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