Compliance

CUNA is pursuing dramatic improvements in the Fed's debit interchange fee proposal. READ MORE

Is a CU required to send an adverse action notice when it terminates a member's delinquent credit card account? READ MORE

As with other member communications, take proper compliance precautions with your social media efforts. READ MORE

CUs have options when they believe an examiner has overstepped his or her authority. READ MORE

Final rule applies to all consumer mortgages secured by the borrower’s principal dwelling, whether the transaction is a closed-end mortgage or a home equity line of credit. READ MORE

Compliance staff must be involved in all significant business initiatives early on. READ MORE

CUs' compliance load just keeps getting heavier. READ MORE

The time has come to implement the risk-based pricing notice requirements under the FACT Act. READ MORE

Buried within a Fed proposal regarding reverse mortgages and the right of rescission are additional disclosures for insurance products. READ MORE

A rash of recent Regulation Z mortgage lending changes has heads spinning. READ MORE

It is almost a holiday weekend. I know that all of you compliance folks are tired from the CFPB’s onslaught of final and proposed rules. You have been going full speed since January. And, the CFPB is going to be issuing a lot more “stuff” in June. So, I thought I would take a minute to [...]

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 [...]