Compliance

To implement these rules, credit unions must amend policies and forms, train staff, and adopt new procedures. READ MORE

The concept rotates six compliance specialists employed by the League Services Corp. through 23 of the state's CUs. READ MORE

Program saves CUs money while providing much-needed stability. READ MORE

The bulk of the new mortgage rules won’t take effect until next year READ MORE

Distributed denial-of-service attacks cause Internet based service outages by overloading system resources, preventing legitimate users from accessing websites. READ MORE

It’s time for another big idea, journalist and author Tom Brokaw told attendees of CUNA’s Governmental Affairs Conference in Washington, D.C. READ MORE

Collective sigh of relief over small servicer exemption is premature. READ MORE

Cyber criminals have cost U.S. companies more than $15 billion over the past five years. READ MORE

Prepare for a long path of increased regulatory changes affecting virtually every consumer product and service. READ MORE

Pay close attention to dotting regulatory i’s and crossing compliance t’s. 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 [...]