Compliance

CUs’ regulatory compliance costs are staggering, but the costs of noncompliance are even higher. READ MORE

CFPB’s “Know Before You Owe” project is an effort to combine the early disclosures required by TIL and RESPA into one document. READ MORE

Prepare now for the regulation, which goes into effect Feb. 7, 2013. READ MORE

The SAFE Act requires that credit unions subject to the Act’s requirements conduct an annual independent test. READ MORE

FinCEN mandated the electronic filing of Bank Secrecy Act (BSA) reports beginning July 1, 2012. READ MORE

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Learn more about adverse action notices. READ MORE

Outsourcing to a cloud service provider offers potential benefits such as cost reduction, flexibility, and speed. READ MORE

This protection applies during active duty, which begins on the date service begins and ends when an individual is “separated” from military service. READ MORE

Well-intentioned marketers sometimes make mistakes that can have drastic consequences. READ MORE

NCUA’s Office of Small Credit Union Initiatives (OSCUI) is offering yet another free webinar.  This webinar will discuss how collaboration can help Credit Unions compete and offer greater value to their members.   NCUA’s OSCUI typically fosters development for small, new and low income designation credit unions; however, this webinar is open to credit unions of [...]

Given the volume and complexity of the CFPB’s new mortgage rules related to Reg Z and Reg X, we haven’t focused much on the new Reg B appraisal rule. However, we are seeing some confusion with the timing requirements, so here is some information that hopefully clarifies the timing. The rule generally provides that a [...]

In January you were shocked at the sheer volume of mortgage rules.  From February through May you attended trainings, read summaries, or read the actual rules and began to understand them.  Now that you understand them, you know how difficult and time-consuming implementation of the new rules will be; and, now that summer is in full [...]