Compliance

The Fair Credit Reporting Act requirements only apply to consumer credit. READ MORE

The changes go into effect on July 1, 2013. READ MORE

Important dates to remember regarding EMV migration. READ MORE

Make sure your technology road map aligns with the EMV road map. READ MORE

Sadly, it’s hard to overstate the magnitude of Congressional gridlock. READ MORE

In mid-January, the CFPB opened the floodgates, and mortgage lending rules began gushing out. READ MORE

Also, answers to questions about the Fair Credit Reporting Act and Office of Foreign Assets Control. READ MORE

We’re advocating for ample compliance time, in recognition of the fact that many vendors may need additional time to get ready. READ MORE

We’ll urge Congress to exercise greater oversight on regulatory issues—to ensure accountability for agency actions. READ MORE

Dodd-Frank authorized the CFPB to facilitate innovation and to approve trial disclosure programs. READ MORE

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 [...]

It’s here! Last week the CFPB issued the new final version of the remittance transfer rule. The final rule, which was originally supposed to be effective in February, has now been re-issued. The CFPB has given financial institutions additional time to comply with the rule so the new effective date is October 28, 2013. This [...]