Articles by Valerie Moss
New CFPB rule requires creditors to give applicants free copies of appraisals.
May 19, 2013
CFPB amended Reg B to implement a Dodd-Frank Act amendment to the Equal Credit Opportunity Act.Read More
New CFPB rule requires creditors to provide materials previously furnished only on request.
May 1, 2013
The Regulation B amendment stems from Dodd-Frank Act alterations to the Equal Credit Opportunity Act concerning appraisals and other valuations.Read More
Three Reg Z changes precede an avalanche of CFPB rules to implement next year.
April 1, 2013
The bulk of the new mortgage rules won’t take effect until next yearRead More
Regulators turn their attention to the servicemembers civil relief act.
November 11, 2012
The SCRA provides certain financial protections to active-duty military personnel.Read More
Two high-profile incidents remind CUs of the importance of BSA & OFAC compliance.
October 1, 2012
CUs’ regulatory compliance costs are staggering, but the costs of noncompliance are even higher.Read More
CFPB now exempts institutions that transmit 100 or fewer transfers per year.
September 20, 2012
Prepare now for the regulation, which goes into effect Feb. 7, 2013.Read More
CUs must have a ‘permissible purpose’ to obtain credit reports under the FCRA.
May 1, 2012
CUs must have a ‘permissible purpose’ to obtain credit reports under the FCRA.Read More
New language will be required by Jan. 1, 2013.
April 1, 2012
Title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) transferred rule-making authority for a number of consumer financial protection laws from seven federal agencies to the Consumer Financial Protection Bureau (CFPB) as of July 21, 2011. Read More
Exercise caution when requesting information on medical debts.
February 1, 2012
The Fair Credit Reporting Act limits consumer reporting agencies' ability to furnish reports containing consumers' medical information.Read More
Highlights from the CUNA-NASCUS Bank Secrecy Act Conference.
January 13, 2012
Here’s a BSA update, highlighting recent actions by FinCEN, which oversees compliance with BSA/anti-money laundering.Read More