Compliance

Our ultimate goal is to protect CUs’ ability to continue offering members affordable financial products. READ MORE

The Federal Reserve Board has issued a proposal to require disclosures on remittance transfers to recipients in foreign countries. READ MORE

Job one: Preserve as much fee income as possible. READ MORE

What you need to know to comply with federal flood insurance regulations. READ MORE

Create and implement a compliance game plan. READ MORE

In an epic battle between an evil weasel and elected officials, bet on the weasel. READ MORE

July 21, 2011, is a significant date for all credit union compliance staff. Why? READ MORE

The Senate on Wednesday rejected an amendment from Sens. Jon Tester, D-Mont., and Bob Corker, R-Tenn., that would have delayed implementation of the Federal Reserve’s debit card interchange fee cap. READ MORE

Mortgage origination standards, MLO registration, ATM signage, and more. READ MORE

The interim final rule restricting garnishments on certain federal benefit payments went into effect on May 1, 2011. Credit unions have until May 24, 2011 to submit comments. READ MORE

If you remember last summer, NCUA’s Office of Consumer Protection notified over 1000 federal credit unions across the country of their eligibility for low income designation.  NCUA’s initiative was in part due to President Obama’s relief and recovery package to help drought stricken states across the country.   Many of you accepted the designation; however, do [...]

The Federal Housing Finance Agency has directed Fannie Mae and Freddie Mac to purchase only qualified mortgages as of January 10, 2014. For those of us that follow the secondary mortgage market and compliance regulations, this shouldn’t be much of a surprise.   The new CFPB rule allows for loans to be underwritten as either [...]

It’s here! Last week the CFPB issued the new final version of the remittance transfer rule. The final rule, which was originally supposed to be effective in February, has now been re-issued. The CFPB has given financial institutions additional time to comply with the rule so the new effective date is October 28, 2013. This [...]