Compliance

New rules will recast mortgage lending from application to servicing. READ MORE

In most cases, Office of Foreign Assets Control (OFAC) regulations contain provisions to allow a financial institution to debit blocked accounts for normal service charges. READ MORE

CUNA remains concerned over remittance exemption rules. READ MORE

About a year ago, the Consumer Financial Protection Bureau (CFPB) published amendments to Regulation E. READ MORE

The SCRA provides a wide range of protections for those entering the military, called to active duty, or already deployed. READ MORE

Here’s why you can expect fair lending compliance to heat up this year. READ MORE

Review policies and procedures to ensure conformance with NCUA’s updated guidance. READ MORE

Get compliance details on Regulation E remittance transfer rule and Bank Secrecy Act. READ MORE

The rule goes into effect just weeks from now, on Jan. 1, 2013. READ MORE

When I first heard of Basel III, I thought it was a genetic mutation of a plant I often put on homemade pizza. 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 [...]