Compliance

The agency released a guide for small businesses—International Fund Transfers: Small Entity Compliance Guide. READ MORE

As the holiday gift-giving season begins, it’s a good time to review your CU’s Bank Bribery Act policy. READ MORE

CUs focus too little energy on compliance. That must change. READ MORE

Dodd-Frank transferred rule-making authority for a number of consumer financial protection laws to the CFPB. READ MORE

The form is available at floodsmart.gov. READ MORE

Dividing compliance responsibilities among different departments leads to inconsistencies. READ MORE

Compliance often lacks black and white answers, so the ability to interpret rules and assess risk is essential. READ MORE

The CFPB has taken the Federal Reserve and Basel guidance and integrated it into its examination procedures READ MORE

'The role of the compliance officer is changing and finding staff with the right skills is a higher priority than ever before.' READ MORE

The SCRA provides certain financial protections to active-duty military personnel. 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 [...]