Compliance

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

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

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 [...]

Here in Iowa we had quite a drought last summer.  I watered my garden seemingly every day, but the dry weather just soaked it up.  This year I haven’t had to water at all, because it is has rained almost daily.  That’s kind of how the regulatory environment is as well.  “When it rains it [...]