Compliance

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

‘Our objective is to protect families from this potentially devastating crime.’ READ MORE

The Equal Employment Opportunity Commission provides only a general outline for how employers should move forward. READ MORE

Five federal financial institution regulators issued guidance to mortgage servicers on military homeowners . READ MORE

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Both regulated and regulator agree the right balance can be difficult to find. READ MORE

Compliance requirements differ for direct and indirect loans. READ MORE

Office will oversee CUs with more than $10 billion in assets and corporate CUs. READ MORE

The Consumer Financial Protection Bureau addresses mortgage originator standards, high-cost mortgages, and escrow accounts. READ MORE

Proposed rules are important to follow in this compliance environment. 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 [...]