Compliance

The proposed rules would amend Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing) to implement a provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). READ MORE

What's the rule for mailing statements on open-end loans without grace periods? READ MORE

RegFlex restrictions, NCUA's merger partner registry, SAFE Act registration procedures, and compliance Q&A. READ MORE

The National Credit Union Administration Board extended the comment period to Jan. 28, 2011, on the proposed corporate rule amendments issued at the agency's November 18 meeting.

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The Fed recently provided another proposal related to the CARD Act. But this one is actually helpful. READ MORE

Rule requires disclosures on how mortgage payments change over time. READ MORE

The office will develop and coordinate staff efforts to identify and analyze potential risks to the financial system and the broader economy. READ MORE

NCUA's rule on STS loans, CRA compliance update, and investment due diligence. READ MORE

Revised regs update ADA standards governing certain facilities. READ MORE

New state statutes likely will lengthen the foreclosure process. 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 [...]