Compliance

Compliance questions and answers about the Unlawful Internet Gambling Enforcement Act and Electronic Fund Transfers. READ MORE

The notice is similar to the one already required by the Labor Department for federal contractors. READ MORE

The IRS issued a regulation that will impact credit unions, banks, and other institutions. READ MORE

CUs using the e-filing system may choose to electronically file either the legacy or new reports until March 31. READ MORE

The CFPB plans to publish a Notice of Proposed Rulemaking this summer, and a formal comment period will follow. Expect final rules by January 2013. READ MORE

The agency issued responses to frequently asked questions about its 2010 Advisory on Interest Rate Risk (IRR) Management. READ MORE

‘We can’t play at the same level by working harder using the same techniques.' READ MORE

Don’t let others define what CUs are and what they should be, CUNA's CEO urged ACUC attendees Monday. READ MORE

The most efficient examinations are ones in which credit union officials and examiners treat each other as professionals and respect each other’s informed points of views. READ MORE

Federally insured credit unions with more than $50 million in assets must comply with the IRR regulation, but federally insured credit unions with less than $10 million in assets are exempt. 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 [...]