Compliance

Compliance Q&A: Suspicious Activity Reports

November 01, 2012
The Financial Crimes Enforcement Network recently clarified rules for financial institutions. READ MORE

‘If You’re Not at the Table You’re on the Menu’

October 26, 2012
CUs face “crisis of creeping complexity” in regulations. READ MORE

CFPB Sets Remittance Transfer Safe Harbor

October 24, 2012
The NPR sought comment on whether to provide a safe harbor to exempt institutions from the rule. READ MORE

NCUA’s Top 10 Compliance Issues

October 22, 2012
Topping the list are multi-featured open-end lending plans. READ MORE

‘Know Before You Owe’ Continues to Evolve

October 01, 2012
The project aims to combine the early disclosures required by TIL and RESPA into one document. READ MORE

Compliance Q&A: Reg E’s Remittance Transfer Rule

October 01, 2012
CUs that offer remittance transfer services generally must provide the member with a written prepayment disclosure. READ MORE

Mortgage Fraud Advisory

October 01, 2012
No single red flag will be definitive proof of fraudulent activity. READ MORE

Mobile Offers Opportunities, Threats

October 01, 2012
How big are those risks? It’s hard to tell. READ MORE

Money Laundering

October 01, 2012
CUs’ regulatory compliance costs are staggering, but the costs of noncompliance are even higher. READ MORE

‘Know Before You Owe’ Continues to Evolve

October 01, 2012
CFPB’s “Know Before You Owe” project is an effort to combine the early disclosures required by TIL and RESPA into one document. READ MORE
CU Mag cover July 2014

Credit Union Magazine

July 2014

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New Compliance Resource from the NCUA

The NCUA has recently published a “Consumer Compliance Regulatory Resources” page, on their website. The page does not contain any new guidance from the NCUA at this point, but is more of a resource for finding links to additional resources from the FFIEC, CFPB, and of course the NCUA.   Areas which are currently listed on […]

NCUA’s Proposed Appraisal Rule: The Sequel

Last week, we discussed the NCUA’s proposed rulemaking related to appraisals. In today’s post, I’ll discuss parts two and three of that proposal. Part two of the proposed rule seeks to establish consistency between credit unions and other banking agencies as to when an appraisal is required in connection with a real estate related transaction. […]

NCUA’s Proposed Appraisal Rule: Part One

On June 26th, the National Credit Union Administration (“NCUA”) published a proposed rule in the Federal Register related to appraisals. In today’s post, I’ll discuss part one of the proposed rule. Next Tuesday, I’ll discuss parts two and three. Currently, under Section 701.31(c)(5) of the NCUA’s rules and regulations, Federal credit unions (“FCUs”) are required […]
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