Compliance

CUs now can find the lending solution that is right for members. READ MORE

Direct questions to the NMLS call center at 240-386-4444. It’s open during this renewal period from 9 a.m. to 7 p.m. EST. READ MORE

Members can receive a free copy of their credit reports from the nationwide consumer reporting companies. READ MORE

The Financial Crimes Enforcement Network recently clarified rules for financial institutions. READ MORE

CUs face “crisis of creeping complexity” in regulations. READ MORE

The NPR sought comment on whether to provide a safe harbor to exempt institutions from the rule. READ MORE

Topping the list are multi-featured open-end lending plans. READ MORE

The project aims to combine the early disclosures required by TIL and RESPA into one document. READ MORE

CUs that offer remittance transfer services generally must provide the member with a written prepayment disclosure. READ MORE

No single red flag will be definitive proof of fraudulent activity. 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 [...]