9.12.2014 Regulatory Compliance Newsletter

  • CFPB Issues Mortgage Servicing Transfer Bulletin
  • CFPB Issues Revised Final Rule for Electronic Funds Transfers
  • FIs Prepare for Apple Pay Combo of NFC, Passbook App
  • CFPB Issues Strong Warning Against Deceptive Credit Card Promos
  • Mobile Payments Regulatory Landscape: Boston Fed Paper, NCUA Upcoming Guidance
  • Federal Reserve Announces Completion of Its Payment System Improvement” Research

9.05.2014 Regulatory Compliance Newsletter

  • FHA to Ban Prepayment ‘Penalties’ Beginning 2015
  • NACHA Passes Two Rules to Increase ACH Network Quality
  • Education Department Adopts New SCRA Procedures for FFEL Lenders
  • CFPB and Department of Defense, Education and Veterans Affairs Sign Agreement to Protect Servicemembers

8.22.2014 Regulatory Compliance Newsletter

  • BSA/AML Compliance Needs to be Part of CU Culture:FinCEN
  • Internal CFPB Report Finds Workplace Challenge
  • Credit Unions Lag as EMV Chip Deadline Slowly Approaches
  • Resources for Members in the Event of Death

8.15.2014 Regulatory Compliance Newsletter

  • Fixed-Rate Mortgages Decline at Bank Post QM Rule
  • CFPB to Take Consumer Complaints on Bitcoin, Virtual Currency
  • FICO Credit Score Will No Longer Include Paid or Settled Debts

8.8.2014 Regulatory Compliance Newsletter

  • DDoS Threat Landscape Continues to Evolve
  • New Fraud Scheme Involves Hacking of Executives’ Email
  • Looking for Keys to Membership Diversity
  • NCUA: No Corporate Assessment (But No Refunds Either)
  • CFPB Says Debit, ATM Overdraft Services Still Raise Concerns
  • TILA-RESPA Guidance Needed – The CFPB’s Rule to Integrate TILA-RESPA

8.01.2014 Regulatory Compliance Newsletter

  • CFPB, FTC, 15 States Sweep in on Foreclosure Relief Scammers
  • NCUA Outlines Late-Filer Civil Money Penalty Process
  • NCUA Gives Examiners FinCEN Guidance for Marijuana Business
  • PowerComment – National Online Tool Available to CUs for Communicating Regulatory Advocacy Concerns

7.25.2014 Regulatory Compliance Newsletter

  • Georgia Check Casher Gets Dinged for Repeated BSA Violations: FinCEN
  • MasterCard Extends Zero Liability Policy
  • CFPB Files Suit vs. Debt Collection ‘Lawsuit Mill’
  • CFPB Clarifies How Same-Sex Court Ruling Affects Lending Rules
  • New FinCEN SAR Stats Tackles Bitcoin Risk
  • Cybersecurity Stakes are High, Says Treasury Secretary Lew

7.18.2014 Regulatory Compliance Newsletter

  • CUNA Makes NCUA L.A. Listening Session Audio
  • Payday Lender Must Refund $5 Million for Illegal Practices
  • FATF Offers Definitions, Pros and Cons of Virtual Currencies
  • CFPB Clarifies Mortgage Rule for Surviving Family Members

7.11.2014 Regulatory Compliance Newsletter

  • Home Equity Lines of Credit Nearing the End of Draw Period – NCUA Letter 14-CU-08
  • Civil Money Penalties Targeted to 84 Late Filers
  • GAO: Virtual Currencies Raise Consumer, Investor Protection Issues
  • CUs Among FIs with Increased Cybersecurity Assessments
  • Treasury Reaches Largest Ever Sanctions-Related Settlements
  • Canadian Anti-Spam Law Addresses Commercial Emails

6.27.2014 Regulatory Compliance Newsletter

  • FHA on Lookout for ‘Deceptive’ Marketing for Reverse Mortgages
  • New IRR Resource Page Unveiled by NCUA
  • NCUA Proposed to Allow FCUs to Securitize Own Loans
  • CFPB Orders Bank to Pay $225 Million in Relief for Cerdit Card Practices
  • New Rule will Reduce Burdens on Voluntary Liquidations of FCUs