Compliance

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

Reg CC proposals, credit score disclosures, streamlined BSA regulations, and more. 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 [...]