Compliance

Under review in 2012 are rules governing bylaws, fields of membership, fixed asset ownership, mergers, corporate credit unions, and more. READ MORE

CUNA cites need to address a number of issues, including ATM disclosures and HMDA triggers. READ MORE

The original rule regarding the limitation of fees during the first year after an account is opened remains in place and credit unions should continue to comply with it. READ MORE

Also covered are questions about NMLS administrators, FCRA negative information notices, and garnishment orders. READ MORE

Here’s a BSA update, highlighting recent actions by FinCEN, which oversees compliance with BSA/anti-money laundering. READ MORE

Before requesting that next credit report, make sure you comply with new restrictions imposed through state and federal laws. READ MORE

CUNA and CUNA Mutual offer nine risk-mitigation strategies. READ MORE

The current regulatory environment is fast-paced and unrelenting. READ MORE

CFPB update, remittance transfers, HUD proposed discrimination standards, and private education loans. READ MORE

NCUA indicates some of the most common consumer complaints are related to unauthorized transactions and Regulation E. READ MORE

NCUA’s Office of Small Credit Union Initiatives (OSCUI) is offering yet another free webinar.  This webinar will discuss how collaboration can help Credit Unions compete and offer greater value to their members.   NCUA’s OSCUI typically fosters development for small, new and low income designation credit unions; however, this webinar is open to credit unions of [...]

Given the volume and complexity of the CFPB’s new mortgage rules related to Reg Z and Reg X, we haven’t focused much on the new Reg B appraisal rule. However, we are seeing some confusion with the timing requirements, so here is some information that hopefully clarifies the timing. The rule generally provides that a [...]

In January you were shocked at the sheer volume of mortgage rules.  From February through May you attended trainings, read summaries, or read the actual rules and began to understand them.  Now that you understand them, you know how difficult and time-consuming implementation of the new rules will be; and, now that summer is in full [...]