Compliance News

Archived Regulatory Compliance Newsletters

10.12.2018 Regulatory Compliance Newsletter

  • Regulators Support BSA/AML Sharing
  • Letter to Federal Credit Unions (18-FCU-02) Requests to Serve a Well-Defined Local Community Using the Narrative Approach
  • CUNA and FS-ISAC to Host Free Webinar on Effective Cyber-Exercises for Credit Unions

10.5.2018 Regulatory Compliance Newsletter

  • Bureau of Consumer Financial Protection Meetings
  • Federal Regulators, FinCEN Issue CIP Exemption Order
  • Reg CC Rule Includes Presumption of Alteration
  • CU Leaders Talk Data Security, Regulatory Relief During “Hike the Hill”
  • InfoSight Channel Update

9.28.2018 Regulatory Compliance Newsletter

  • New Bill Introduced to Modify CTR, SAR Thresholds
  • Florence Urgent-Needs Grants Available to CUs
  • NCUA Board Meets to Discuss Important Issues
  • New High Intensity Drug Trafficking Areas Designated
  • Reminder of Blocked Property Report
  • NACHA Approves Expanding Same Day ACH
  • CUNA Joins Forces with the Georgia CU Affiliates Against ADA Lawsuit
  • Cannabis Banking Seminar – October 15 in Denver

9.21.2018 Regulatory Compliance Newsletter

  • Federal Reserve Board Approves Final Amendments to Liability Provision of Reg CC
  • Agencies Issue Statement Reaffirming the Role of Supervisory Guidance
  • BCFP Updates FCRA Model Disclosures

9.14.2018 Regulatory Compliance Newsletter

  • FinCEN Grants Permanent Exceptive Relief from Beneficial Ownership Rule
  • Bureau of Consumer Financial Protection Releases Supervisory Highlights
  • Credit Union System Performance Data Released
  • TRID 2.0 – No Big Deal…Right?
  • U.S. Senators Reiterate CUNA’s ADA Website Concerns to AG Sessions

9.7.2018 Regulatory Compliance Newsletter

  • Examinations of Credit Unions Should be as Flexible as Banks
  • Bureau Issues Rules to Implement S.2155 HMDAChanges
  • NCUA Releases Quarterly Update
  • Senate Banking Committee Sets Hearing on S.2155 Implementation

8.31.2018 Regulatory Compliance Newsletter

  • NCUA Publishes FAQ on S.2100
  • NCUA Examiner Focus – Letter to Credit Unions
  • Q&A Regarding Periodic Statements for Residential Mortgage Loans – Business or Calendar Days
  • FinCEN Changes Insignia
  • CUNA Calls for Mortgage Choice Act Inclusion in FSGG Bill
  • CUNA Provides Analysis of New Guidance on UBIT

8.24.2018 Regulatory Compliance Newsletter

  • Treasury Targets Malicious Cyber-Actors and Russian Companies
  • CU Trades Fine with CFPB Backing Down from MLA Supervision
  • Financial Institutions Beef Up Security After FBI Warns of Plot to Breach ATMs
  • Beneficial Owner Relief Extended Through Sept. 8
  • Health Savings Accounts

8.17.2018 Regulatory Compliance Newsletter

  • CFPB Issues Regulation P Relief
  • Bureau Settles Payday Lending Case
  • FinCEN is Extending the Beneficial Ownership Rule’s Limited Exception for Rollover and/or Renewal of Certain Accounts for an Additional 30 Days, Up To and Including September 8, 2018
  • NCUA Proposes Loan Regs Amendments
  • Payday Rule Developments

8.10.2018 Regulatory Compliance Newsletter

  • NCUA Board Proposes Delay of Risk-Based Capital Rule
  • NCUA Releases Letters to Credit Unions – Exam Initiatives
  • Fed Announces Outlook Live Presentation
  • NDAA Passes Senate Without Harmful Provision

8.3.2018 Regulatory Compliance Newsletter

  • Q&A: If we originate less than 500 closed-end loans, does that mean that we are exempt from HMDA reporting under the new law?
  • FTC Mails Checks to Victims of Fake Debt Collection Scheme
  • Bank Loses $2.4M in Two Attacks
  • Costly Insider Threats
  • New Consumer Compliance Supervision Bulletin

7.27.2018 Regulatory Compliance Newsletter

  • OCC Semiannual Risk Perspective Resource Helpful to Credit Unions
  • CFPB Settles with TCF National Bank Over Overdraft Services
  • NCUASIF to Pay Credit Unions
  • Sen. 2155 and Its Impact on FCRA and BSA
  • The Week Ahead in Washington

7.20.2018 Regulatory Compliance Newsletter

  • FCRA Changes in S.2155 (P.L. 115-174)
  • Credit Unions Begin Using New Rules “For Mobile Deposit Only”
  • CUNA Launched Online Forum for Credit Union Advocacy
  • CUNA Updates Credit Union Tax Status White Paper

7.13.2018 Regulatory Compliance Newsletter

  • Information About the Recent Changes to the Home Mortgage Disclosure Act
  • CFPB Orders Restitution of $335 Million by Citibank
  • “Free Credit Report” Schemers Pay $5.2M
  • CUNA President/CEO to CUs: Control Our Destiny
  • CUNA Writes in Opposition to NDAA Provision Excluding Credit Unions from Military Bases
  • Allowance for Loan and Lease Losses

6.29.2018 Regulatory Compliance Newsletter

  • CUNA Provides Second Quarter 2018 Update to the MLA Fee Comparison Spreadsheet
  • Reg CC Changes Effective July 1
  • Two More States Throw Out ADA Lawsuits
  • CUNA-Supported Bill with RBD Delay Passes House

6.22.2018 Regulatory Compliance Newsletter

  • ADA Lawsuit Dismissed
  • Credit Union Leagues Support New States’ Rights Marijuana Bill
  • FinCEN Issues Advisory on Corrupt Foreign Officials and Human Rights Abuses
  • CUNA Writes in Support of H.R. 6068, the Counter Terrorism and Illicit Finance Act

6.15.2018 Regulatory Compliance Newsletter

  • Windows 10 Upgrade for ATMS – Another Upcoming Deadline for Credit Unions
  • What You May Not Know About Human Trafficking: The Many Faces of Forced Labor
  • CUNA Submits Comments to FCC Regarding Reassigned Numbers Database
  • USAA Files Suit Against Wells Fargo for RDC Patent Infringement
  • U.S. Faster Payments Council Survey
  • Advertising: Advertising Deposit Accounts

6.8.2018 Regulatory Compliance Newsletter

  • CUNA GDPR Webinar
  • S. 2155 Becomes Law…Key Provisions and Effective Dates for Compliance
  • NCUA Issues Final Rule to Amend Part 709
  • NCUA Seeks Expansion of Payday Lending Alternatives
  • CUNA Releases White Paper on Common-Sense Reforms for Bureau
  • Security/Elder Financial Exploitation

6.1.2018 Regulatory Compliance Newsletter

  • Major CUNA, CU Victory Complete as President Trump Signs S.2155
  • NCUA Wants to Expand Payday Lending Alternative for Credit Unions, Consumers
  • CA Bank Sentenced for Conspiring to Impair, Impede and Obstruct Its Primary Regulator
  • Cannabis and Banking: What are the Implications?
  • May Meeting of the NCUA Board
  • Advertising

5.25.2018 Regulatory Compliance Newsletter

  • NCUA Board to Meet
  • FinCEN Delays Beneficial Ownership Rule for Rollovers and Renewals
  • When is “bank” a Noun or Verb?
  • CUNA-requested ADA Language Added to House Appropriations Bill

5.18.2018 Regulatory Compliance Newsletter

  • FFIEC Updates CDD/Beneficial Ownership Exam Procedures
  • FinCEN Posts CTR Deadline Reminder
  • Changes to Share Insurance Advertising Effective May 25
  • CUNA To Offer Free GDPR Seminar
  • Checklists

5.11.2018 Regulatory Compliance Newsletter

  • FFIEC and CFPB Release Mortgage Data
  • NCUA Webinar to Explain Benefits of CDFI Certification
  • House Passes CUNA-backed Bill to Strengthen SBA 7(a)
  • Tax Issues

5.4.2018 Regulatory Compliance Newsletter

  • Q&A: We are going to begin charging an application fee for our loans.  Would this fee need to be included in the finance charge?
  • Bureau Finalizes TRID Rule Amendment
  • FinCEN Advisory on Jurisdictions with AML/CFT Deficiencies
  • U.S. Court Case: 9 Banks and 50 Bank Accounts Exploited by Human Trafficking Ring
  • Security

4.27.2018 Regulatory Compliance Newsletter

  • Special Edition – Welcome to Your New Compliance Community Website
  • Your Credit Union Regulatory Compliance Support Staff

4.20.2018 Regulatory Compliance Newsletter

  • Acceptable Proof of Death
  • In Case You Missed It – 2018 So Far
  • FinCEN Offers CDD Forms in PDF and Word Format
  • Guidance on Recognizing Activity Related to Human Trafficking
  • Mulvaney TEstified Before House and Senate for Semi-Annual Report of the CFPB
  • CFPB Makes It A Dozen
  • Loans & Leasing

4.13.2018 Regulatory Compliance Newsletter

  • Welcome to Your New Compliance CommunityWebsite
  • NCUA to Host Bank Secrecy Act Webinar
  • FFIEC Issues Joint Statement on Cyber Insurance and Its Potential Role in Risk Management Programs
  • HMDA Preapprovals FAQ
  • CFPB Issues 11th Request for Information
  • Texas ADA Lawsuit Dismissed Just Days After CUNA and Cornerstone File Breif – Arizona Demand Abandoned
  • CUNA Webinar on USAA Remote Capture Patent Issues
  • Investments

4.6.2018 Regulatory Compliance Newsletter

  • Q&A: If the credit union has a conservatorship account, what happens when the ward or protected person dies?
  • FinCEN Issues Updated FAQ for Customer Due Diligence Requirements
  • NCUA Posts New Share Insurance Fund Distribution Directions Online
  • NCUA Marks National Financial Capability Month
  • CUNA Provides First Quarter Update for the MLA Fee Comparison Spreadsheet
  • CFPB Issues 10th RFI in Series
  • CUNA and Trades Disagree with Part of Court’s FOM Ruling
  • Field of Membership

3.30.2018 Regulatory Compliance Newsletter

  • IRS Reminds Taxpayers to Report Virtual Currency Transactions
  • Fed Adjusts Interest Rates in Regulations A and D
  • New CDD Rule:  Exceptions and Exemptions
  • CUNA Hosts Webinar on USAA Remote Capture Patent Issues
  • CUNA and LSCU File Amicus Brief in Support of The Infirmary FCU
  • Employment

3.23.2018 Regulatory Compliance Newsletter

  • No Account for Your Unless You’re a Member!
  • CFPB FAQs on Servicing Issues Related to Bankruptcy
  • Military Lending Act Search Site Updated
  • Five Myths About the New CDD Regulation
  • NCUA to Request Comments on Proposed Bylaws Changes
  • Board Responsibilities

3.16.2018 Regulatory Compliance Newsletter

  • Q&A: Do we have to provide a statement to our members for credit card accounts that don’t carry a balance?
  • CFPB Issues Final Rule to Help Mortgage Servicers Communicate with Certain Borrowers Facing Bankruptcy
  • Reporting HMDA Race/Ethnicity Data When the Borrower is a Business
  • Federal Reserve Board Issues Proposed Rule to Amend Regulation J
  • Is Your Credit Union Ready for the Remote Deposit Capture Indemnity Provision of the Reg CC Final Rule?
  • Bank Secrecy Act

3.9.2018 Regulatory Compliance Newsletter

  • …but what if our bylaws are silent?
  • PayPay Settles FTC UDAP Charges
  • Service Animals in the Credit Union
  • Advertising

3.2.2018 Regulatory Compliance Newsletter

  • What is a Good Source to Use for Making Sure the Procedures We Use for Our Annual Meeting are Correct?
  • NMLS Reactivation Period Ends Soon
  • SEC Charges Bitcoin Exchange and Operator with Fraud
  • Amended 1098s are Due to Borrowers by March 15, 2018
  • CUNA Files Motion to Defend Credit Union

2.23.2018 Regulatory Compliance Newsletter

  • NCUA Approves $736M Share Insurance Distribution
  • U.S. Bank National Association Paying Dearly for BSA/AML Failings
  • FTC Returns Money to Consumers Harmed by Debt Relief Scheme
  • CFPB Issues Request for Information on Supervision Processes

2.16.2018 Regulatory Compliance Newsletter

  • PMI and Mortgage Debt Forgiveness Tax Relief Extended Through 2017
  • Indirect Lending Under the MLA
  • Department of Justice Goes After Massive Cyberfraud Ring
  • CUNA Joins Trades in Letter to CFPB on TILA/RESPA Mortgage Servicing Rule
  • Keeping up with CUNA Advocacy
  • Americans with Disabilities ACT (ADA) Audits and Website Accessibility

2.9.2018 Regulatory Compliance Newsletter

  • Bills on Mobile Banking, Thrift Lending Passed by House
  • Fed Slows Wells Fargo Growth for Controls Failures
  • Bureau Adds HMDA LAR Tool and Updates Resources
  • Credit Unions Continue to Fulfill Mission Even as Financial Services Evolve
  • CUNA, Ohio League and Credit Unions Reiterate Website Accessibility Concerns at the DOJ
  • Customer Due Diligence and Beneficial Ownership

2.2.2018 Regulatory Compliance Newsletter

  • Q&A: Who is liable for the failure to determine a covered-borrower’s status under the MLA in connection with an indirect loan?
  • Consumer Financial Protection Bureau Finalizes Changes to Prepaid Accounts Rule
  • Russian and Ukrainian Individuals and Entities Designated
  • Home Mortgage Disclosure Act (HMDA)

1.26.2018 Regulatory Compliance Newsletter

  • Q&A: ADA Update
  • Caution on Prospective Venezuelan Digital Currency
  • Detecting and Preventing Ransomware Starts with Four Key Steps
  • Same Day ACH

1.19.2018 Regulatory Compliance Newsletter

  • Q&A: Do we need to provide the required ATM fee notice on the screen and on the ATM or is it allowed to be just on the ATM screen itself to serve as the fee notice instead of also having to have a separate disclosure on the ATM?
  • NCUA Adjusted Civil Monetary Penalty
  • New Withholding Tables Issued by IRS
  • CUNA Launches ADA Website Accessibility Advocacy Page
  • Record Retention

1.12.2018 Regulatory Compliance Newsletter

  • Q&A: How Does My Credit Union Obtain a Legal Entity Identifier (LEI)?
  • Direct Deposit Tax Refunds Limited to Three
  • Reminder: New W-8BEN Rules
  • CUNA Engaged w/Reg Relief, BSA Hearings This Week
  • Nussle: CUNA Continues Push for ADA Website Clarity
  • Reserve Requirements

1.5.2018 Regulatory Compliance Newsletter

  • Q&A: When a Credit Union Destroys Records, Does the CEO or a VP Have to Sign Off That the Records were Destroyed?
  • The 2017 Tax Reform Bill:  FAQ on the Deductibility of Home Equity Interest
  • Agencies Announce Leniency on 2018 HMDA Data
  • Delay of Prepaid Accounts Rule Likely
  • Bureau Announces HMDA Tools Addition
  • NCUA Issues Letter to Credit Unions Regarding Examination Priorities
  • Fed Publishes Reg M Proposal
  • Tax Reform Bill Passed
  • IRS Form 1098

12.22.2017 Regulatory Compliance Newsletter

  • FinCEN Updates BSA Frequently Asked Questions
  • Amending/Correcting a SAR Filing
  • DoD’s Revised MLA Guidance
  • The Stats on Voice Banking
  • House Passes CUNA Backed Privacy Notice Clarification

12.15.2017 Regulatory Compliance Newsletter

  • Q&A: Can/must a Credit Union Provide a SAR to a Grand Jury in Response to a Federal Grand Jury Subpoena?
  • Compliance Due Diligence Checklist
  • Bill Passed for Mortgage-Related Regulatory Relief
  • Can CU Staff Accept Gifts from Members?
  • Home Depot Payments Start in January, Equifax Suits Combined
  • IRS Form 1099-INT

12.8.2017 Regulatory Compliance Newsletter

  • Q&A: Is the Credit Union Required to Have a Toll Free Number for Providing the Verbal Notice Under the Military Lending Act?
  • The Five Most Common Mistakes NCUA Finds During BSA Exams
  • DOL Extends Transition Period for Fiduciary Rule
  • CFPB Updates TRID Guide
  • FinCEN Exchange Launched
  • 2016 Terrorist Assets Report
  • CUNA Updates its Website – InfoSight Links Being Updated

12.1.2017 Regulatory Compliance Newsletter

  • Payday Loan Rule Published
  • CFPB Proposes Testing Overdraft Disclosures
  • Bureau Sets FCRA Charge Limit for 2018
  • Are Credit Report Fees Considered Finance Charges Under Reg Z?
  • CTR Reporting Brochure for Members
  • The Clearing House Launches its Real Time Payment System
  • Business Continuity Planning: Board Responsibilities

11.17.2017 Regulatory Compliance Newsletter

  • Q&A: What Are the Record Retention Requirements for Unclaimed Property?
  • Innocent Game…or Illegal Gambling?
  • CFPB to Survey Consumers on Debt Collection Disclosures
  • Appraisal Exemption Threshold Updated for 2018
  • Bankruptcy Rule and Forms Changes
  • Six Months Left to Comply with FinCEN’s New Customer Due Diligence Rule
  • American’s With Disabilities Act: ADA Audits and Website Accessibility

11.10.2017 Regulatory Compliance Newsletter

  • Mortgage Servicing Rules – Another Reminder
  • CFPB Announces HMDA Platform for Beta Testing
  • FinCEN Further Restricts North Korea’s Access to the U.S. Financial System and Warns U.S. Financial Institutions of North Korean Schemes
  • FinCEN Advisory on Disaster-related Fraud
  • WCAG 2.0 – A, AA, or AAA?
  • CUNA Urges CFPB to Rely on Current Data for Overdraft Inquiry
  • Security – Payment Card Industry (PCI) Data Security Standard (DSS)

11.3.2017 Regulatory Compliance Newsletter

  • Preparing for the $50 Million Asset Level
  • A Closer Look at RESPA’s 120-Day Foreclosure Restriction
  • Arbitration Rule Signed by President
  • OFAC Amends Global Terrorism Sanctions Regulations
  • OFAC Announces Joint Terrorism Sanctions
  • Summary of Interim Final Rule: CFPB Mortgage Servicing Under RESPA (Reg X)
  • Fair Housing Act

10.27.2017 Regulatory Compliance Newsletter

  • Can the Credit Union Extend a Loan to the Personal Representative of an Estate?
  • CFPB Updates Mortgage Servicing Materials
  • FTC Guidance on COPPA and Voice Recordings
  • CUNA Final Rule Analysis of Payday Rule Available
  • CU PolicyPro Updates
  • TCPA Petition: It’s Time to Submit Comments to the FCC
  • SAFE Act – Registration of MLOs (Reg G)

10.20.2017 Regulatory Compliance Newsletter

  • Web Content Accessibility Guidelines (WCAG 2.0)
  • Back to Basics: Disaster Preparedness
  • CFPB Updates HMDA Implementation Tools
  • Correcting the Record on CFPB’s Arbitration Rule
  • NCUA Proposes Relief for its Official Advertising Statement
  • TCPA Petition: Member Webinar Held to Discuss Petition and CU Participation
  • Other Real Estate Owned (OREO)

10.13.2017 Regulatory Compliance Newsletter

  • CUNA Files Suit Against Equifax
  • State Department Revoking Sudan Sanctions
  • CFPB Issues Last-Minute Tweak and Proposal for Servicing Rule
  • Institutions Affected by Hurricanes Encouraged to Contact FinCEN
  • NCUA Proposes Advertising Rule Change
  • SBA Office of Advocacy Reiterates Credit Union Concerns About Small Business Loan Data Collection
  • TCP Petition: FCC Opens CUNA’s Petition for Comment
  • Advertising: Telephone Consumer Protection Act

10.6.2017 Regulatory Compliance Newsletter

  • FinCEN Corrects Beneficial Ownership Form
  • OFAC Sanctions Banks and Reps Linked to North Korea Networks
  • CFPB Shares Stories of Servicemembers Having Difficulty with Debt Collection Practices
  • Post-Data Breach: Fraud Loss Mitigation Webinar
  • Back to Basics: Is it Possible to Raise the APR on a HELOC Based on a Change on a Member’s Credit Score?
  • NCUA Board Meeting Recap:  Board Votes to Close Stabilization Fund
  • Proposed Rule, Part 740, Accuracy of Advertising and Notice of Insured Status
  • ACH – Third Party Senders

9.29.2017 Regulatory Compliance Newsletter

  • NCUA Publishes Letter to Credit Unions FAQ on New Accounting Standards
  • CFPB Issues Proposed Policy Guidance on the Disclosure of Loan-Level HMDA Data
  • CUNA Staff and Credit Unions Attend SBA Office of Advocacy Roundtable on Small Business Lending
  • Home Depot Data Breach Lawsuit Settlement Approved
  • CUNA Files Comment on Request for Information About DOL Overtime Rule
  • Servicemembers (and Dependents) Consumer Lending (Military Lending Act)

9.22.2017 Regulatory Compliance Newsletter

  • Top 10 Ways to Protect Yourself in the Wake of the Equifax Data Breach
  • CFPB Recovers $14M for Consumers
  • Back to Basics: The TRID Mailbox Rule
  • CUNA Takes Breach Concerns to Equifax, Requests Briefing
  • Credit Unions Advocacy Efforts Payoff with House Appropriations Bill
  • Field of Membership

9.15.2017 Regulatory Compliance Newsletter

  • Treasury Announces South Sudan Designations and FinCEN Advisory
  • Early Savings Bond Redemptions in Irma’s Wake
  • Protect Your Systems Against the EternalBlue Vulnerability
  • Credit Union Boards Are the First Line of Defense Against Fraud
  • The Cost of Elder Financial Abuse Reported to Be 12 Times More Than Previously Believed
  • CUNA Submits Comments to NCUA on Share Insurance Equity Distribution
  • CUNA Supports FHFA’s Proposed Housing Goals
  • IRS Form W-8BEN

9.8.2017 Regulatory Compliance Newsletter

  • Joint Memo on Combating Elder Financial Exploitation
  • Bureau Issues TILA Annual Threshold Adjustments
  • Early Bond Redemption Authority Expanded
  • OFAC Sanctions ISIS Finance Emir
  • Labor Publishes Proposed Extension of Transition Period for Fiduciary Rule
  • Illinois Credit Union League Champions Sweeping Charter Update
  • Small Dollar Loan Rule Expected in September

9.1.2017 Regulatory Compliance Newsletter

  • Issuance of Venezuela-Related Executive Order and Associated General Licenses
  • American Express Paying $96M in Consumer Redress
  • FinCEN Publishes Advisory Regarding Risky Real Estate Transactions
  • Pennsylvania Creates Unit Like CFPB Within AG Office
  • CUNA Responds to FCC’s Notice of Inquiry Regarding Robocalls
  • CFPB Temporarily Increases HMDA HELOC Reporting Threshold
  • League InfoSight Survey

8.25.2017 Regulatory Compliance Newsletter

  • TRID Amendments Published August 11
  • Labor Shows Intent to Delay Parts of Fiduciary Rule
  • ESIGN Reminders
  • CUNA – Back to Basics: Demand Letters and UDAAP: Posted by Michael Christians 8/22/2017
  • CUNA Engaged with Congressional Efforts to Exempt CUs from MLA
  • Here’s What You Need to Know About the New FFIEC HMDA Examiner Transaction Testing Guidelines
  • CFPB Launches New Web Form for Regulatory Inquiries
  • Loans – Mortgage Servicing

8.18.2017 Regulatory Compliance Newsletter – Special Edition

Your Credit Union’s Regulatory Compliance Support Staff

8.11.2017 Regulatory Compliance Newsletter

  • Chase Fined $4.6M for FCRA Reporting Violations
  • CFPB Unveils Prototypes of “Know Before You Owe” Overdraft Disclosures
  • CUNA Final Rule Analysis 2.0
  • Does Your State Offer These Accounts?
  • CUNA Files Three Comment Letters with the NCUA
  • Advertising Loans

8.4.2017 Regulatory Compliance Newsletter

  • Treasury to End myRA Program
  • FinCEN Levies $122M in Money Laundering Fines
  • OFAC Adds Venezuelan President to SDN List
  • OFAC Targets Other Venezuelan Officials
  • CUNA Sends Comments to Treasury Outlining Regulatory Burdens
  • Electronic Funds Transfers – Reg E

7.28.2017 Regulatory Compliance Newsletter

  • IRS Changes Due Date for W-2 and 1099-MISC Filings
  • Distinguishing Between the MLA and SCRA When it Comes to Collections
  • CFPB Posts HMDA Resources
  • CFPB Updates Spring 2017 Rulemaking Agenda
  • NCUA Reorganization Announced
  • Federal Reserve Task Force Releases Final Paper on the Future of Faster Payments
  • Bank Secrecy Act: Information Sharing

7.21.2017 Regulatory Compliance Newsletter

  • U.S. Targets Supporters of Iranian Military and Revolutionary Guard
  • CFPB Proposes Increase to HELOC Reporting Threshold Under HMDA
  • Children’s Online Privacy Protection Rule (COPPA) – What You Need to Know
  • CFPB Issues 2017 TILA-RESPA Final Rule and Executive Summary
  • FinCEN Updates: CMIR Reporting Change
  • Enhanced Public Record Data Standards
  • CUNA Sends Letter in Support of CU Tax Status
  • Advertising Overdraft Programs

7.14.2017 Regulatory Compliance Newsletter

  • Bureau Guidance on Implementation of Servicing Rule Changes
  • Reminder: Annual Report of Blocked Property
  • Department of Labor Continues Review of Fiduciary Rule
  • Does Your Credit Union Offer “Age-Friendly” Financial Services?
  • McWatters Asks Cordrary to Exempt Large CUs from CFPB Exams
  • CFPB Finalizes Update to TRID Rule
  • FinCEN Proposes Special Measure Against Chinese Bank
  • Proposal to Amend Prepaid Rule Published
  • Department of Labor Sends Requests for Information to the Office of Management and Budget
  • TCPA Ruling in Second Circuit is Good News for Credit Unions
  • Field of Membership

6.30.2017 Regulatory Compliance Newsletter

  • NCUA Issues Legal Opinion Re: Federal Credit Union’s Authority to Issue and Sell Securities
  • Expiring ITINs Can be Renewed Now for 2018
  • NCUA Board Meeting Information
  • Right to Financial Privacy: FAQ
  • CUNA Advocates for Changes that Should be Made to CFPB Rules
  • NCUA Proposes Changes to Overhead Transfer Rate (OTR) Methodology
  • Customer Due Diligence and Beneficial Ownership

6.23.2017 Regulatory Compliance Newsletter

  • Federal Reserve Raises Federal Funds Interest Rates
  • OFAC Issues FAQs on New U.S. Cuba Policy
  • Consumer Compliance Outlook
  • CFPB Proposes Changes to Prepaid Rule – Comments Needed
  • Broker-Dealers – Fiduciary Rule

6.16.2017 Regulatory Compliance Newsletter

  • FFIEC Updated CyberSecurity Tool
  • NCUA Releases New all Report Form and Instructions
  • FinCEN to Update DoEP Report
  • Reign in CFPB, Redesign CU Rules: Treasury Department
  • Authentication in an Internet Banking Environment

6.9.2017 Regulatory Compliance Newsletter

  • DOL Fiduciary Rule: What’s Next?
  • Regulators Issue Advisory on Appraiser Availability
  • NCUA Releases MBL Rule FAQs
  • Under the MLA Rule Which Fees or Changes Are Required to be Included in the Calculation of the MAPR?
  • Final Reg CC Rule and New Proposal Issued
  • Deutsch Bank AG Pays $41 Million for AML Deficiencies
  • CUNA Seeks Feedback on the TCPA and Your Credit Union
  • CUNA Provides CFPB with Detailed Summary of Changes to Better Protect Credit Union Members
  • IRS Form 1099-C

6.2.2017 Regulatory Compliance Newsletter

  • FinCEN to Update Currency Transaction Report
  • Fiduciary Rule Effective June 9, 2017
  • Determining Covered Borrower Status Under the MLA Rule
  • Regulation Z’s Advertising Requirements for Closed-End Loans
  • Request for Information Regarding Ability to Repay/Qualified Mortgage Rule Assessment
  • ABA Files Motion for Summary Judgment in FOM Lawsuit
  • CUNA Sends Letter to CFPB Outlining Necessary HMDA Changes
  • Ability to Repay/Qualified Mortgages

5.26.2017 Regulatory Compliance Newsletter

  • HUD Charges Landlords with Discrimination Against Families with Children
  • A Group of District Attorneys Has Issued a Marijuana Position Paper
  • New Delivery and Review Procedures for Audit Reports
  • Less than One Year Left to Comply with the New Beneficial Owner Due Diligence Rule
  • Supreme Court Rules on Fair Debt Collection Practices Act Issues
  • CUNA Urges CFPB to Increase Exemption Threshold for Remittance Rule
  • Protecting the Credit Union Tax Status
  • Home Ownership and Equity Protection Act (HOEPA)

5.19.2017 Regulatory Compliance Newsletter

  • SCRA 6% Rate Cap – Reminders
  • New Executive Order on Cybersecurity: Credit Union, Bank Leadership React
  • Independent Community Bankers of America Pushes Review of CU Tax Exemption
  • CUNA Submits Follow-up Letter to DoD Regarding the Adverse Impact of the MLA on Servicemembers
  • Comment on the CFPB’s Remittance Rule Review
  • Vermont’s Legislature Becomes the First to Legalize Recreational Marijuana
  • Servicemembers Civil Relief Act

5.12.2017 Regulatory Compliance Newsletter

  • Q&A: Safe Harbors for Garnishment of Federal Benefit Payments
  • MLA Rule Permits “Savings Clause” in Loan Documents for Covered Borrowers
  • FinCEN Awards Recognize Law Enforcement Success Stories Supported by BSA Reporting
  • Michigan Credit Unions Encourage NCUA to Merge Funds
  • Ohio Budget Bill with Credit Union Provisions Advances
  • Georgia Governor Signs Legislation with Pro-Credit Union Provisions
  • Investments – Permissible Investments

5.5.2017 Regulatory Compliance Newsletter

  • Availability of Oral Disclosures Under the DoD’s Military Lending Act (MLA) Rule
  • What’s the Difference Between the ECOA and the FHA?
  • Q&A About the Beneficial Owner Certification Form
  • CFPB Issues $1.25 Million Fine to Servicemember Auto Lender for Violating Consent Order
  • IRS Seeking Comments on 1098 Filings
  • Credit Union Bills Advance in Alabama, Florida and Tennessee
  • Record Retention

4.28.2017 Regulatory Compliance Newsletter

  • Notaries – To Serve or Not to Serve…Non-Members?
  • CFPB Finalizes Extension of Prepaid Accounts Rule
  • Ocwen Sued by CFPB
  • OFAC Publishes FAQs on List Removal Process
  • 271 Individuals Added to Syrian Sanctions List
  • Marijuana: Is There a Future for the “Cole Memos”?
  • Government Shutdown Won’t Impact CFPB, NCUA for Now
  • Update on the Federal Budget Process
  • Loan Workouts and Non-accrual Policy, and Regulatory Reporting of Troubled Debt Restructured Loans

4.21.2017 Regulatory Compliance Newsletter

  • OFAC Adds SDN Designations
  • Bureau Proposes Amendments to Clarify HMDA Rule
  • ACH Operations Bulletin #2-2017: Same Day ACH and Debit Processing
  • Back to Basics: 5 Steps to Follow When You Receive a Garnishment Notice
  • Governors in Montana and Tennessee Consider Credit Union Bills
  • Letter Sent in Support of Reducing the Regulatory Burden
  • Children’s Online Privacy Protection Act

4.7.2017 Regulatory Compliance Newsletter

  • Prepaid Card Company to Pay $53M
  • NCUA Issues Updated Guidance on Compliance Risk Indicators
  • CFPB Proposes Amendments to the Regulation B Data Collection Requirements
  • FinCEN Proposing to Extend Requirements for Programs for Correspondent Accounts for Foreign Banks
  • CUNA Weighs in or FinCEN’s Proposed Changes to the SAR
  • Alternative Capital: Leagues Encourage CUs to Comment

3.31.2017 Regulatory Compliance Newsletter

  • CUSO Registry Reaffirmation Must Be Completed by March 31
  • CFPB Proposes Changes to Reg B
  • Bureau Fines Experian for Deceptive Marketing
  • FCC Proposal Targets Scam Robocalls and Malicious Caller-ID Spoofing
  • Senate Banking Committee Member to ABA – Dropping Fighting CUs
  • Understanding CUNA’s Suggestions for Credit Union Exemptions
  • NCUA Signage – Requirements for the Official Sign

3.24.2017 Regulatory Compliance Newsletter

  • Bureau Levies $1.75M HMDA Penalty
  • OFAC Sanctions Kuwait-based Terrorist Financier
  • Agencies Issue EGRPRA Report to Congress
  • Prepaid Accounts Rule Delay Proposal Published
  • CU Growth Trends Continue
  • New Mexico Legislature Passes Data Beach Notification and CDFI Bill
  • Credit Union Bills Pass Legislatures in Georgia and Iowa
  • EMV Implementation (Credit Card Security)

3.17.2017 Regulatory Compliance Newsletter

  • CFPB Proposes Delay of Prepaid Accounts Rule
  • MBL Guidance: Section 723.5 – Collateral
  • “Share Draft” vs. “Checking Account”
  • FinCEN Issues SAR Stats Technical Bulletin
  • Credit Unions, Trades Meet with Federal Regulators on MLA
  • CUNA Files a Joint Amicus Brief in Case on CFPB Structure
  • Advertising Overdraft Programs

3.10.2017 Regulatory Compliance Newsletter

  • Proposal to Delay Labor Department Fiduciary Rule
  • From the GAC: Call Report Modernization – Update
  • From the GAC: Extended Exam Cycle
  • NCUA Webinar on Providing Electronic Financial Services
  • McWatters Discusses Possible Closing of Stabilization Fund
  • NMLS Posts Reactivation Reminder
  • Delay of Fiduciary Rule – Opportunity to Comment
  • TCPA Petition Seeks to Make it More Difficult for Credit Unions to Contact Members
  • Truth in Lending Act (Reg Z)

3.3.2017 Regulatory Compliance Newsletter

  • Executive Order to Create Regulatory Reform Task Forces
  • MLA Prohibited Terms in Loan Documents for Covered Borrowers
  • Under the MLA Rule May an Assignee of the Original Creditor Maintain and Utilize the Covered Borrower Identification Safe Harbor?
  • Tax Refund Season: Time to Review Direct Deposit FAQs
  • California Bank Gets BSA/AML Penalty of $7 Million
  • IRS Form 1120-POL

2.24.2017 Regulatory Compliance Newsletter

  • MLA Website Problem Revealed
  • CFPB Adds HMDA Resources
  • Reintroduction of TAILOR Act
  • What is the Consumer Compliance Rating System
  • 30-Day Extension Requested for Comments on TCPA Related Petition
  • Electronic Returns Under Reg. CC

2.17.2017 Regulatory Compliance Newsletter

  • Bona Fide and Reasonable Credit Card Fees
  • FinCEN Proposing SAR Data Fields Revisions
  • 26 Credit Unions Agree to Late-Filing Penalties for Third Quarter of 2016
  • OFAC Publishes Cyber-Related FAQs
  • NCUA ANPR on Alternative Capital
  • Signs of Elder Financial Abuse

2.10.2017 Regulatory Compliance Newsletter

  • CFPB Issues Compliance Guides for Remittance Transfers and the Prepaid Rule
  • Tax Refund Fraud – Don’t Forget to File SARs
  • Dodd-Frank Act to be Reevaluated
  • Executive Order Delays Fiduciary Rule and Suggest Additional Analysis of Impact
  • OFAC Sanctions Supporters of Iran Missile Program and Revolutionary Guard
  • Fair Credit Reporting Act: Summary

2.3.2017 Regulatory Compliance Newsletter

  • NCUA Adjusts Civil Money Penalties
  • NCUA Releases Key Ratios Video
  • FTC to Host ID Theft Awareness Week Events
  • Question: Due to the New Member Due Diligence Requirements, Do I Have to Change My BSA Procedures to Update Member Information Regularly?
  • A Closer Look at the MBL Guidance: Section 73.4 – Commercial Loan Policies
  • CFPB Says Bank Tricked Consumers into Overdraft Service
  • Bankers’ Lawsuit Against NCUA Dismissed
  • States Seek to Strengthen Data Breach Notification Laws
  • CUNA and Ohio Talk Regulatory Reform on Capitol Hill
  • Advertising Deposit Accounts

1.27.2017 Regulatory Compliance Newsletter

  • Management Responsibilities for MBL
  • Western Union Pays $586M for Fraud and Money Laundering
  • CFPB Sues TCF National Bank for Overdraft Opt-in Practices
  • Back-2-Basics: Responding to a Data Breach
  • Trump Administration Rescinds Order to Cut FHA Insurance Premiums
  • Wire Transfers/Transportation of Currency

1.20.2017 Regulatory Compliance Newsletter

  • NCUA’s Supervisory Priorities for 2017
  • How the FATCA Rules May affect Your W-8BEN &1042-S Reporting
  • DOL Frequently Asked Questions – Part 2
  1. Metsger Expects Stability at NCUA as Trump Takes Office
  • CFPB – CUAC and CAB Application Process
  • Do Not Fire CFPB’s Cordray, Dems Warn Trump
  • Board Responsibilities – Succession Planning

1.13.2017 Regulatory Compliance Newsletter

  • Updated Resources for HMDA Data Collection
  • CFPB Announces 2017 HMDA Thresholds (No Change)
  • Two CRAs to Refund $17.6M and Pay $5.5M Cap
  • OFAC Announces Cuba Updates
  • NCUA Compliance Resources
  • State Legislatures Convene with Credit Union Charter Enhancements on Agenda
  • Court Challenge to Overtime Rule to Continue
  • DOL Fiduciary Delay Legislation Introduced in New Congress
  • Loan Workouts and Non-accrual Policy, and Regulatory Reporting of Troubled Debt Restructured Loans

1.6.2017 Regulatory Compliance Newsletter

  • Did Your Credit Union or an MLO Miss the Deadline?
  • Updated 1098 and 1099 Form Information for 2017
  • Q&A: Form 1098 – Property Description
  • CFPB Cites Military Lender for Second Time
  • Two CRAs to Refund $17.6M and Pay $5.5M CMP
  • A New Congress Convenes
  • CFPB to Host Webinar: New Tools for Financial Caregivers in Illinois
  • Rep. Mark Meadows Revises Regulations List to Protect Credit Unions
  • Security Program for Credit Unions

12.23.2016 Regulatory Compliance Newsletter

  • Closed Credit Union Gets $500 AML Penalty
  • BSA Reporting – Human Trafficking Red Flags
  • NCUA December Board Action Bulletin
  • Back to Basics: RESPA’s Anti-Kickback Provisions
  • Bureau Reveals Fair Lending Focus Areas for 2017
  • Regulation Z Threshold Changes Effective 1/1/2017
  • Patent Infringement
  • MBL Motion to Dismiss Hearing
  • Newly Updated – Member Business Lending

12.16.2016 Regulatory Compliance Newsletter

  • New and Revised Rules Compliance Implementation Materials
  • The CFPB’s Compliance Bulletin on Production Incentives: What You Need to Know
  • Treasury Sanctions ISIL Support Links
  • NCUA Insurance Premium Increase Recommended
  • Issues to be Tackled by the NCUA in 2017
  • CUNA’s Focus for 2017
  • ABA Sues NCUA Over Field of Membership
  • CUNA Continues to Press DoD for Clarification on MLA Rule
  • IRS Form 1099-MISC

12.9.2016 Regulatory Compliance Newsletter

  • OFAC Sanctions Supporters of North Korean Government
  • How to Respond to an Inquiry from a Successor in Interest on a Mortgage
  • Bureau Warns Some Tax Refunds Will be Delayed
  • CFPB Fall 2016 Rulemaking Agenda Update
  • CU Insured Deposits and Shares Exceed $1T
  • NCUA Consumer Assistance Center Portal Adds Flexibility for Credit Unions – Policy Change Allows Access to One Additional Authorized Official
  • What Congressional Organizational Elections Mean for Credit Unions
  • IRS Form 1098

12.2.2016 Regulatory Compliance Newsletter

  • NCUA Posts 2017 Call Report Deadlines
  • FinCEN Bulletin and Fact Sheet – November, 2016
  • Overtime Rule Blocked by Federal Judge
  • Bureau Publishes Rule and Notice
  • FCRA Fee Ceiling Unchanged
  • Trust Accounts
  • Privately-Insured Credit Unions Allowed Membership to the FHLB under Proposed Rule
  • Consumer Protection Subcommittee in DC for CFPB and NCUA Meetings
  • CUNA and NAFCU File Amicus Brief Supporting NCUA’s Motion to Dismiss MBL Lawsuit
  • Feedback Requested on Flood Insurance Proposal

11.18.2016 Regulatory Compliance Newsletter

  • NCUA’s Field of Membership (FOM) Rule
  • FAQs for Consecutive Day Closings – ‘Tis the Season
  • OFAC Fall Symposium
  • OFAC Sanctions Russian Individuals
  • Problems Completing Chapter 13 Bankruptcy Form B410A?
  • CUNA Tells CFPB to Take a Breather
  • Marijuana Legalized in California, Main, Massachusetts and Nevada; Rejected in Arizona
  • SAFE Act – Registration of Mortgage Loan Originators (Regulation G)

11.10.2016 Regulatory Compliance Newsletter

  • How Many Regular Board Meetings are Required?
  • FFIEC Issues Uniform Interagency Consumer Compliance Rating System
  • Treasury Finalizes Action to Further Restrict North Korea’s Access to the U.S. Financial System
  • NCUA Renames Office
  • Justice Department Announces Pilot Program to Provide Military Communities Across the Country with Dedicated Legal Support
  • 2017 HMDA Data Submission Changes
  • New NCUA Guidebook:  The Basics of Data Processing Contracts
  • NCUA Proposes to Amend Chartering Rule
  • CFPB Seeks Feedback from Small Volume HMDA Filers
  • IRS Form 1099-INT

11.4.2016 Regulatory Compliance Newsletter

  • Treasury Designates Financial Supporters of al-Qaida in the Arabian Peninsula
  • CFPB Puts 44 Mortgage Lenders and Brokers on Notice That They May Be Required to Report Mortgage Data
  • CFPB Finds Qualified Students Were Blocked From Affordable Loan Repayment Plans; Updates Student Loan Servicing Exam Procedures
  • Field-of-Membership Rule Provides Greater Flexibility and Consumer Choice
  • Final Rule Adopts Inflation Adjustments to Civil Monetary Penalties
  • Security Program – InfoSight
  • Marijuana Legalization on the Verge in Several States
  • Proposed Rule Would Amend Flood Insurance Regulations
  • Proposed Field-of-Membership Rule Responds to Stakeholder Suggestions

10.28.2016 Regulatory Compliance Newsletter

  • Reminder to Be Wary of UDAAP When Collecting Debts
  • NCUA Launches New Examiner’s Guide
  • 30 Credit Unions Agree to Late-Filing Penalties for the First Quarter of 2016
  • Ransomware is a Serious and Growing Threat
  • CUNA Supports FinCEN Proposal for Non-Federally Regulated Institutions
  • Both House and Senate Address De-risking with Chairman Metsger
  • UDAAP – Unfair, Deceptive and Abusive Acts or Practices

10.21.2016 Regulatory Compliance Newsletter

  • NCUA’s BSA Policy for Federally Insured Credit Unions
  • CFPB Issues Notices Regarding New URLA and Collection of Expanded HMDA Information About Ethnicity and Race
  • OFAC and Commerce Ease Cuba Restrictions
  • TRID Guidance Documents Updated
  • CFPB Publishes Reg E Corrections
  • CFPB’s Consent Order Against Credit Union Raises Additional Questions
  • TCPA Oral Arguments Held Wednesday, October 19
  • FinCEN BSA Leadership Expectations

10.14.2016 Regulatory Compliance Newsletter

  • NCUA: Bureau Should Exempt CUs from Payday Loan Rules
  • NCUA Issues Recommendations for Examination Flexibility
  • Partial Exemption from Early Intervention Requirements for Borrowers in Bankruptcy
  • CFPB Issues Prepaid Card Rule
  • CFPB Structure Unconstitutional
  • Burma Sanctions Terminated
  • Citing CUNA Information, SBA Urges Credit Union Exemption from CFPB Payday Rule
  • Share Insurance: Common Misunderstandings

10.7.2016 Regulatory Compliance Newsletter

  • October is Cybersecurity Awareness Month
  • Letter to Credit union Announces NCUA Examination Approach as Compliance Begins With the Amended MLA Regulation
  • Settlement Administrator to Contact Provident Borrowers
  • CUNA’s MAPR Calculators for Open-end and Closed-end Loans
  • CFPB Releases Updated Exam Procedures for MLA
  • Letters in Support of Overtime Rule Delay and Consumer Credit Hearing
  • AffirmX Cybersecurity Risk Assessment Tool

9.30.2016 Regulatory Compliance Newsletter

  • CFPB Sues Arizona Title Lenders for TILA Violations
  • CUNA Urges Court to Reject Request for Wendy’s Suit Dismissal
  • CUSO Registry Information No Longer Necessary on Call Reports
  • New Technologies Mean New Risks and New Cybersecurity Demands
  • Servicemembers (and Dependent) Consumer Lending (MLA)
  • House Committee Holds Second Hearing on Modernizing TCPA

9.23.2016 Regulatory Compliance Newsletter

  • CFPB Information on Unauthorized Wells Fargo Accounts
  • NCUA Board Briefed on New Cyber Risks
  • NACHA Announces Third-Party Sender Registration Rule
  • FinCEN Advisory on E-mail Compromise Fraud Schemes
  • Updated FATF-Identified Jurisdictions with AML/CFT Deficiencies
  • Representative Payees
  • Credit Union Hike-the-Hills Provide Opportunities to Voice Concerns on CFPB Small Dollar Rule

9.16.2016 Regulatory Compliance Newsletter

  • Letter to Credit Unions: Preparing for Same-Day Automated Clearing House (ACH) Payments
  • Regulatory Alert Announces Interpretive Guidance for Regulation on Lending to Service Members
  • FFIEC Revises Information Security Booklet
  • Incentive Program Costs Wells Fargo $185M in CMPs
  • FinCEN Advisory on Email Compromise Fraud Schemes
  • ACH – Same-Day ACH Payments
  • Credit Union Hike-the-Hills Provide Opportunities to Voice Concerns on CFPB Small Dollar Rule

9.9.2016 Regulatory Compliance Newsletter

  • FAQs from the DoD Regarding the Military Lending Act
  • New NACHA Rule Requires ACH Originators to Provide Third-Party Sender Info
  • Amendments to TRID Rule
  • CUNA Letter Urges DoD to Delay MLA Effective Date

9.2.2016 Regulatory Compliance Newsletter

  • NCUA Encourages Flexibility in Post-Flood Assistance
  • DoD Publishes FAQ on MLA Regulation
  • FinCEN Proposes End of AML Program Exemption
  • Same Day ACH Return Items Info
  • CFPB Focus on Elder Financial Abuse
  • Social Media Security

8.26.2016 Regulatory Compliance Newsletter

  • TRID Rule Revision Proposal Published with Request for Public Comment
  • NCUA Warns of Text Phishing Scam
  • FCC Hosts First “Robocall Strike Force” Meeting
  • Fannie Mae and Freddie Mac Publish Redesigned Uniform Residential Loan Application Form and Dataset
  • Q & A: Share Insurance & Inherited IRAs
  • Customer Due Diligence and Beneficial Ownership

8.19.2016 Regulatory Compliance Newsletter

  • Compliance: TCPA Government Debt Call Rule Finalized by FCC
  • NCUA Releases Digital Banking Guidebook
  • CFPB Declines to Expand the 120 Day Foreclosure Rule Exceptions

8.12.2016 Regulatory Compliance Newsletter

  • CFPB Issues Final Servicing Rule Changes
  • Bureau Issues ‘Principles’ for Future Foreclosure Prevention
  • How the New CDD Rule Applies to Trust Accounts and DBAs
  • FinCEN BSA Leadership Expectations

8.5.2016 Regulatory Compliance Newsletter

  • FRB Updates TRID Questions List
  • CFPB Requests Comments on Payday Loan Proposal
  • CFPB Releases Proposal to Amend TRID Rule
  • CFPB Monthly Spotlight Shines on Credit Card Complaints
  • NCUA Exam Process Videos Released
  • Oral Arguments are Set for this Fall for TCPA Order Challenge
  • Board of Directors – Meeting Agenda & Minutes

7.29.2016 Regulatory Compliance Newsletter

  • FinCEN Issues FAQs to Assist Financial Institutions in Understanding Scope of CDD Requirements
  • HMDA Filing Info for 2017 and 2018 Posted
  • NMLS Expands Functionality to Include MSBs
  • Expedited Funds Availability: Reg CC

7.22.2016 Regulatory Compliance Newsletter

  • CFPB to Host Payday Lending Webinar on July 26th
  • New Resources Educate Consumers About Rights When Sending Money Abroad
  • Right to Financial Privacy

7.15.2016 Regulatory Compliance Newsletter

  • FCC Clarifies Gov’t Calls Allowed Under TCPA
  • Wendy’s Admits Breach Hit 1,025 Restaurants
  • SSA to Reduce Cost of SSN Verification Service
  • Identity Theft – How Does it Affect the Credit Union

7.8.2016 Regulatory Compliance Newsletter

  • Pulling Credit Reports for Cross-Selling Purposes
  • CFPB Proposes to Update Reg P for FAST Act Changes
  • CFPB Reports $24.2M in Restitution to Consumers
  • July Designated Military Consumer Protection Month
  • Report on Effects of Capital Rules on Mortgage Servicing
  • CUNA Seeks Feedback on CFPB Small-dollar Rule by Aug. 31
  • Latest Congressional Effort to Expand Field of Membership
  • FFIEC Cybersecurity Assessment Tool
  • Servicemembers (and Dependent) Consumer Lending Summary
  • Elder Financial Exploitation: Summary

7.1.2016 Regulatory Compliance Newsletter

  • Changes to the Military Lending Act
  • FTC Notice to Consumers & Telemarketers on Illegal Payments
  • GAO Study Suggests IRS Update Identity Theft Fraud Program
  • CFPB Finds Mortgage Servicers’ Ongoing Technology Failures
  • CUNA Learns Supreme Court Will Hear Fair Housing Case
  • CUNA Releases Summary of Payday Lending Proposal
  • CUNA Seeks Feedback on CFPB Small-Dollar Rule by August 31
  • Recent Advocacy Accomplishments Provide an Opportunity to Celebrate Progress
  • Charitable Donation Accounts

6.24.2016 Regulatory Compliance Newsletter

  • Agencies’ Statement on New Accounting Standard
  • NCUA Adjusts CMP Levels
  1. NCUA Proposes Updates to Loan Fund
  • Amended 1099-C Forms
  • Security Program for Credit Unions: Physical Security
  • Senate FSGG Amendment Supports Marijuana Banking

6.17.2016 Regulatory Compliance Newsletter

  • NCUA Seeks Input on Modernizing Data Collection
  • CFPB eRegulations
  • Can Organizations be Trust Account Beneficiaries
  • InfoSight Checklists
  • Extended Exam Cycle Moves Forward with 2017 Implementation Likely
  • NCUA Encourages Comments on Exam, Supervision Changes by Aug.1st
  • ICYMI: What’s Happening in Other States
  • NCUA to Host Webinar on Changes to Military Lending Act Regulations
  • NCUA to Host Webinar to Learn about Internal Controls, Red Flags and Accounting Standards Changes

6.10.2016 Regulatory Compliance Newsletter

  • Be Prepared – ADA and Your Website
  • How to Prepare for Customer Due Diligence Rule
  • CFPB Proposes Rule to End Payday Debt Traps
  • Whistle Blower Laws

6.3.2016 Regulatory Compliance Newsletter

  • Exam Flexibility Initiative – Request from the NCUA
  • Spring 2016 CFPB Rulemaking Agenda
  • CFPB Provides Details About Protecting Older Account Holders
  • Draft House Appropriations Bill Contains Change to CFPB Funding Structure
  • ICYMI: What’s Happening in Other States

5.27.2016 Regulatory Compliance Newsletter

  • NCUA Extends Call REport Deadlines for 2Q, 3Q of 2016
  • CFPB Proposed Arbitration Rule Published
  • Interagency Guidance Regarding Deposit Reconciliation Practices
  • Agencies Propose Limits on Incentive-Based Compensation
  • FCC Proposes TCP Rule for Government Debt Collection Calls
  • ICYMI: What’s Happening in Other States
  • Native Advertising

5.20.2016 Regulatory Compliance Newsletter

  • NCUA Reviewing Annual Exam Process
  • 22 Credit Unions Agree to Late-Filing Penalties for Fourth Quarter of 2015
  • Bureau Adds TILA-Annotated TRID Disclosures
  • FTC FCRA Compliance Guidance for Background Screening
  • Agencies Propose Limits on Incentive-Based Compensation
  • FCC Proposes TCPA Rule for Government Debt Collection Calls
  • ICYMI: What’s Happening in Other States
  • Member Business Lending

5.13.2016 Regulatory Compliance Newsletter

  • State Regulatory News – Next Steps After a Successful Legislative Session – Rulemaking
  • NCUA Overhauls Member Business Lending Rule
  • FinCEN to Publish Final CDD Rules May 11
  • NCUA Lists Online Financial Help Resources for Seniors
  • FCC Proposes TCPA Rule for Government Debt Collection Calls
  • BSA and Marijuana-Related Businesses

5.6.2016 Regulatory Compliance Newsletter

  • Consumer Reports: What Information Furnishers Need to Know
  • Are Your Members Suddenly Interested in Gun Trusts
  • Fair Credit Reporting Act
  • CFPB to Reopen TRID/KBYO Rules in Response to CUNA Advocacy

4.29.2016 Regulatory Compliance Newsletter

  • Bureau Reopens Comment Period on Servicing Proposal
  • Lawsuit Mill Shut Down and Pays $2.5 Million in CMPs
  • Same-Day Ach May Change Credit Unions
  • Equal Credit Opportunity Act (ECOA)

4.22.2016 Regulatory Compliance Newsletter

  • OFAC Adds Hizballah Sanctions Regulation
  • Reporting Elder Financial Abuse Does Not Violate Privacy Rules
  • CUNA and Ohio League Reiterate Concerns to CFPB about Small Dollar Loan Rulemaking
  • CUNA Sends Letter to Senate in Support of Bill to Limit Operation Choke Point
  • CUNA Sends Letter in Support of Bill to Establish Advisory Committees Within Treasury
  • Internal Controls and Fraud Prevention

4.15.2016 Regulatory Compliance Newsletter

  • NCUA Webinar – Hot Topics in Compliance
  • NCUA Recovers Over $3B from Wall Street Firms
  • FTC Sends Funds to Victims of Scams
  • New Privacy Opt-Out Notice Checklist Available
  • DOL’s Fiduciary Rule
  • Quarterly Submissions of Credit Card Agreements to the CFPB

4.8.2016 Regulatory Compliance Newsletter

  • CFPB Issues Guidance on Resuming Submission of Credit Card Agreements
  • CFPB Posts Updated Compliance Guides
  • CUNA Files Comment Letter to NCUA on 2017-2021 Strategic Plan
  • DOL’s Final Fiduciary Rule Expected This Week
  • Truth in Lending (Reg Z) Disclosures

4.1.2016 Regulatory Compliance Newsletter

  • CFPB Issues Advisory on Preventing Elder Abuse
  • CFPB Issues Interim Rule that Broadens the Definition of “Small Creditor” Under Reg Z
  • CFPB Posts Archive of TRID Construction Loans Webinar
  • Bureau Schedules Another TRID Q&A Webinar
  • NCUA Report Discusses Modernized Business Lending Rule
  • CUNA CompNote Final Rule Analysis for NCUA’s MBL Rule
  • Elder Financial Exploitation

3.25.2016 Regulatory Compliance Newsletter

NEW: CIP Guidance for Prepaid Card Programs

CFPB Schedules Another TRID Q & A Webinar

Matz and Cordray Town Hall Meeting Record

Credit Union Responsibilities When Returning Federal Payments – Five Things You Must Know

Supervisory Highlights – Winter 2016

Upcoming Congressional Hearings

FASB Credit Impairment Proposal

Majority of House Supports CFPB Using Exemption Authority for Credit Unions

Prepaid Cards and CIP

Appraisals – Truth in Lending Act

3.11.2016 Regulatory Compliance Newsletter

  • Complying with Recent Changes to the Military Lending Act Regulation
  • Policy Priorities for the CFPB for 2016-2017
  • Bureau to Consider Applications to Designate ‘Rural’ Areas
  • Advertising

3.4.2016 Regulatory Compliance Newsletter

  • Policy Priorities for the CFPB for 2016-2017
  • IRS Tax Refund Options – Splitting Deposits
  • Garnishment of Accounts with Federal Benefit Payments

2.26.2016 Regulatory Compliance Newsletter

  • CFPB Releases HMDA File Specifications for 2017 & 2018
  • NCUA Board Votes on Final Business-Lending Rule
  • NCUA Posts Best Practices Video for CU Directors
  • February NCUA Report Posted
  • FTC Puts Bite on Bitcoin Mining Operation
  • Basic Collection Call Procedures

2.19.2016 Regulatory Compliance Newsletter

  • Migrating from SSL and Early TLS – How Secure is Your Network?
  • FTC Announces Schedule for Reviewing Regulations
  • DHS Officials Issue Warning About Scams Targeting Senior Citizens
  • IRS Levies

2.12.2016 Regulatory Compliance Newsletter

Online CUSO Registry to Open for Registrations in February

Progress Report on Payment System Enhancements

Treasury Asks Banks to Promote Direct Deposit of Refunds

Pending Regulatory Proposals – Comments Needed

Firearm Legislation Impacting Credit Unions Being Pursued in the States

Fair Credit Reporting Act

2.5.2016 Regulatory Compliance Newsletter

  • NCUA Updates Online Consumer ID Theft Resources
  • U.S. Sanctions Five More on “Magnitsky” List of Alleged Rights Abusers
  • IRS Annual “Dirty Dozen” List of Tax Scams to Avoid
  • Online CUSO Registry to Open for Registrations in February
  • Consumer Financial Protection Bureau Monthly Complaint Snapshot Examines Debt Settlement, Check Cashing, and Other Financial Service Complaints
  • National Complaint Overview
  • State Advocacy Activities
  • Identity Theft – Address Discrepancies

1.29.2016 Regulatory Compliance Newsletter

  • Treasury, NCUA Partner to Increase Opportunities for Low-Income Credit Unions
  1. NCUA Issues Letter to Federally Insured Credit Unions Regarding Privacy Notices
  • OFAC Counter Terrorism Designation Updated
  • Field of Membership Rule Published in the Federal Register – New Guide from CUNA
  • Advertising

1.22.2016 Regulatory Compliance Newsletter

  • Fact Sheet on Construction Loans and TRID Disclosures
  • HMDA Resources to Aide Compliance
  • Treasury Updates Savings Bond Guide
  • NCUA Posts December Board Meeting Video
  • FAQ on September Next-Day ACH Rule
  • Field of Membership Rule Published in the Federal Register – New Guide from CUNA
  • CUNA-Opposed Provision on FHLB Membership Eligibility Removed from New FHFA Rule
  • CFPB Seems Set to Throw the Baby Out With the Bath Water
  • Reg Z – Truth in Lending

1.15.2016 Regulatory Compliance Newsletter

  • FTC and Florida Sue Payment Processor and Execs
  • Payday Lenders Pay $4.4M for Illegal Fees
  • Operation Collection Protection Shuts Down Abusive Collectors
  • Overdraft Programs – Disclosure Review
  • 2016 Regulatory Issues Overview
  • FinCEN Posts Info on Customer Due Diligence Proposal
  • Field of Membership Rule Published in the Federal Register
  • Anti-Redlining Requirements

1.8.2016 Regulatory Compliance Newsletter

  • FTC Issues Enforcement Policy Statement Addressing “Native” Advertising and Deceptively Formatted Advertisements
  • LifeLock to Pay $100 Million to Consumers to Settle FTC Charges It Violated 2010 Order
  • 2016 Standard Mileage Rates for Business, Medical and Moving Announced
  • New Cyber-Related Sanctions Regulations
  • FinCEN Posts Info on Customer Due Diligence Proposal
  • Field of Membership Rule Published in the Federal Register
  • Bankruptcy Forms Changed December 1, 2015

12.18.2015 Regulatory Compliance Newsletter

  • Student Loan Interest Reporting, Form 1098-E: What’s New for 2016?
  • Mortgage Interest Reporting on Form 1098: What’s New for 2016?
  • Most Recent Settlement Resolves Cases in New York and Kansas Federal Courts
  • FinCEN and China’s CAMLMAC Sign Memorandum of Understanding
  • Field of Membership Rule Published in the Federal Register
  • IRS Form W-8BEN

12.11.2015 Regulatory Compliance Newsletter

  • Holiday Season Reminders on the Bank Bribery Act
  • Bureau Fines Credit Reporting Company $8 Million
  • CFPB 2016 Rural Counties List Updated
  • Bitcoin Mining Companies Charged by SEC
  • Barriers Removed: Regulatory Relief Rides Transportation Bill into Law
  • League Advocacy Paves the Way for Target Settlement
  • Bankruptcy Forms Changed December 1, 2015

12.4.2015 Regulatory Compliance Newsletter

  • Coverage of the NCUA’s Revised Flood Rule
  • NCUA Risk-Based Capital Rule Report Includes Legislative Recommendations
  • IRS Upgrades, Enhances FATCA Registration System
  • CFPB Announces Fall 2015 Rulemaking Agenda
  • CUNA Regulatory Issues and Resources
  • Agencies Announce Dollar Thresholds in Regulations Z and M for Exempt Consumer Credit and Lease Transactions
  • IRS Form W-9

11.20.2015 Regulatory Compliance Newsletter

  • NCUA Consumer Assistance Portal Now Open
  • FFIEC Releases Revised Management Booklet
  • NCUA Publishes FFIEC’s Cybersecurity Assessment Tool Videos
  • Field of Membership Proposal Expected to be Released Thursday
  • Board of Director Liability

11.13.2015 Regulatory Compliance Newsletter

  • CUNA Letter to CFPB on Overdraft Survey
  • Bureau Releases Fall 2015 Supervision Report
  • Most Retirees Need to Take Required Retirement Plan Distributions by Dec. 31
  • Hackers Siphon Off $31 Million From British Bank Accounts
  • Investment & Deposit Activities – Bank Notes

11.6.2015 Regulatory Compliance Newsletter

  • CFPB Penalizes Employment Background Screening Providers for Inaccuracies
  • Telephone Consumer Protection Act (TCPA) – Guidance from CUNA
  • Credit Unions Can Learn How FFIEC Cybersecurity Assessment Tool Works
  • 10 Data Security Lessons of 2015
  • Major Cybersecurity Bill Clears Senate
  • Truth in Lending

10.30.2015 Regulatory Compliance Newsletter

  • BMO Harris Bank NA Receives a Finding of Violations Regarding Violations of the Iranian Transactions and Sanctions Regulations
  • Sprint to Pay $2.95M CMP for FCRA Violations
  • NCUA Legal Recoveries Reach $2.2 Billion with Wachovia Settlement
  • NCUA Finalizes Risk-Based Capital Rule

10.23.2015 Regulatory Compliance Newsletter

  • BSA Manual Now Available in Spanish
  • CFPB Releases Final HMDA Rule
  • SAR Stats: Second Edition Issued
  • NCUA Hosting Complaint Process & Fair Lending Oversight Webinar
  • Barclays Agrees to Pay $325 Million to Settle RMBS Lawsuits
  • House Small Business Committee to Hold a Second Hearing on EMV Implementation
  • Late Charges

10.16.2015 Regulatory Compliance Newsletter

  • October is Cybersecurity Awareness Month
  • CFPB Provides Guidance About Marketing Services Agreements
  • RBC2 Headlines Oct. 15th NCUA Agenda
  • Fair Credit Reporting Act

10.9.2015 Regulatory Compliance Newsletter

  • Lawmakers Ask CUNA, Partners to Inform of TRID Enforcement Actions
  • Department of Defense Final Rule Amending the Regulation Implementing the Military Lending Act
  • TRID Effective Oct. 3, 2015 – Contact CUNA Regarding Regulatory Burden
  • 2016 CUNA GAC – Biggest CU Advocacy Event of the Year
  • Backup Withholding

10.2.2015 Regulatory Compliance Newsletter

  • Fed’s Same-Day ACH Rule Draws Criticism
  • CFPB Takes Action Against Fifth Third Bank for Auto-Lending Discrimination and Illegal Credit Card Practices
  • NCUA to Hold Fair Lending Webinar
  • 2016 CUNA GAC – The Biggest CU Advocacy Event of the Year
  • CFPB Rules Build Hurdles for CUs’ Member Services: CUNA to Congress

9.25.2015 Regulatory Compliance Newsletter

  • CFPB Finalizes Rule to Facilitate Access to Credit in Rural and Underserved Areas
  • Corporate Credit Union Rule Amended
  • NCUA Adjusts CMPs
  • Online Training for Credit Union Board Members
  • FTC Consumer Privacy Conference Announced
  • Hackers Hit Hawaii First FCU – Importance of Cybersecurity Insurance
  • October 1 Just a Stop Along the Way to EMV Compliance
  • CUNA Reverses Position on RBD Stop & Study Bill
  • Advertising Overdraft Programs

9.18.2015 Regulatory Compliance Newsletter Special Edition

  • Examining the Examination Process with NCUA Region IV Regional Director Keith Morton

9.11.2015 Regulatory Compliance Newsletter

  • EMV Liability Shift
  • Seller of Debt Relief Services to Pay $885,677
  • CU Comment on OTR, Operating Fee To Be Sought in January 2016
  • Advertising for Savings Promotions Raffle

9.4.2015 Regulatory Compliance Newsletter

  • Court Affirms FTC Authority on Cybersecurity Issues
  • 12 Red Flags for “Funnel Accounts” Used to Launder Money
  • FTC Consumer Privacy Conference Announced
  • Providing Sensitive Credit Union and Member Data to NCUA
  • NCUA Advertising Signage Requirements

8.28.2015 Regulatory Compliance Newsletter

  • Growing Epidemic – Elder Financial Abuse Has Become More Acute
  • Credit Unions Should Review Their Privileged Access Users Annually
  • Strong Credit Card Verification Process Needed
  • e-mortgage Closings
  • Flood Penalties of $1.1 Million
  • Register for OFAC Symposium

8.21.2015 Regulatory Compliance Newsletter

  • CFPB Updates TRID Implementation Materials
  • FinCEN Ruling on Precious Metals Negotiable Certificates of Ownership
  • Register for OFAC Symposium
  • Changes to the Military Lending Act Webinar
  • Smartphones and Overtime
  • Department of Labor Holds a Public Hearing on Proposed Fiduciary Rules

8.14.2015 Regulatory Compliance Newsletter

  • Bureau Updates TRID Implementation Materials
  • 314(a) Point of Contact Changes
  • Register for OFAC Symposium
  • CFPB PMI Cancellation Guidance
  • NCUA’s Member Business Lending Proposal
  • Cybersecurity Legislation Captures Senate and CUNA’s Attention
  • Mortgage Servicing

7.31.2015 Regulatory Compliance Newsletter

  • TRID Postponed to October 3
  • CUs Assessed Late-Filing Penalties
  • DoD Issues Final Military Lending Act Rule
  • Service Denial and Expulsion

7.24.2015 Regulatory Compliance Newsletter

  • CFPB ‘Complaint Snapshot’
  • Auto Loan Pricing
  • CFPB’s Fifth TRID Webinar Available
  • NCUA Hosting Webinar on FFIEC Cybersecurity Assessment Tool
  • NCUA’s Proposed MBL Rule
  • FCC Issues Declaratory Ruling on TCPA

7.17. 2015 Regulatory Compliance Newsletter

  • HUD Issues Guidance on Multi-Family Assisted and Insured Housing Based on Equal Access to Housing Rule
  • Fine Tuning Your Compliance Program Webinar
  • Elder Abuse
  • Federal Reserve Outlook Live Conference Series Continues
  • CFPB’s Fifth TRID Webinar Available
  • Record Retention
  • CUNA Comments on the CFPB’s Proposed Delay of the TILA-RESPA Integrated Mortgage Disclosure Rule

7.10.2015 Regulatory Compliance Newsletter

  • Adding Associations to Your Field of Membership
  • NCUA Hosting Webinar on Compliance
  • CFPB Nears Landmark Victory Against Three Large Auto Lenders
  • Field of Membership

7.2.2015 Regulatory Compliance Newsletter

  • Credit Unions Have Until July 7th to Comment to CFPB on Proposed Implementation Timeframe on TILA-RESPA
  • Cyber Security Resources Provided by NCUA
  • NCUA Hosting Webinar on Compliance
  • Social Media Security

6.26.2015 Regulatory Compliance Newsletter

  • CFPB Proposes Two-Month Extension of Know Before You Owe Mortgage Rule
  • Agencies Issue Final Flood Insurance Rule
  • FinCEN BSA Leadership Expectations
  • West Virginia Bank Pays $4.5M for Willful BSA/AML Violations

6.19.2015 Regulatory Compliance Newsletter

  • Retirement of Independent Data Files for the FSE List, SSI List and the NS-PLC List
  • NCUA, Bank Regulators Issue Final Diversity Standards for FIs
  • Check 21

6.12.2015 Regulatory Compliance Newsletter

  • Improving the Process for Consumer Complaints
  • CUNA Seeks Input on NCUA’s IOLTA Proposal
  • CFPB Responds to Concerns About Implementing TILA-RESPA
  • FCC to Consider TCPA Petitions
  • Fed Seeks Comments on Same-day NACHA Rule

6.5.2015 Regulatory Compliance Newsletter

  • CFPB Announces $2.7M Fine Against Foreclosure Relief Scammers
  • PCI: 5 New Security Requirements
  • HUD Proposes Mortgage Form Revision
  • CUNA Expresses Concerns with Reg CC & Reg D in Letter to Fed

5.29.2015 Regulatory Compliance Newsletter

  • NCUA Issues Letter to Credit Unions Regarding Taxi Medallion Lending
  • CFPB Posts Spring 2015 Rulemaking Agenda
  • Class Action Lawsuits Target CU Overdraft Programs
  • CUNA Shares Info on Credit Card Market with CFPB

5.22.2015 Regulatory Compliance Newsletter

  • NCUA Translates Webpages into Spanish
  • CFPB Issues Bulletin to Help Mortgage Lenders Avoid Illegal Discrimination

5.15.2015 Regulatory Compliance Newsletter

  • Understanding the Board’s Role in Cybersecurity
  • NCUA’s Security Program Requirements
  • Financial Services Housing and Insurance Subcommittee Surveys Impact CFPB Rules Change on Mortgage Settlement Process
  • Insurance Parity for Escrow Accounts

5.8.2015 Regulatory Compliance Newsletter

  • Fed Reminds Depositories Consumer Protection Regs MayApply to Commercial Transactions
  • Fed, CFPB to Host New Integrated Disclosure Webinar
  • Agencies Issue Final Rule on Minimum Requirements for Appraisal Management Companies
  • Overdraft Fee Laws Target Credit Unions – April 29, 2015
  • NCUA Issues Board Action Bulletin

5.1.2015 Regulatory Compliance Newsletter

  • Settlement Agents and the TILA/RESPA Closing Disclosure
  • HUD Announces Changes to Distressed Asset Stabilization Program
  • Treasury’s Fiscal Service Bureau to Crack Down on ACH Errors
  • Deletions from the OFAC List
  • Prize-Linked Savings State Issues Brief
  • CFPB Takes First Action Under Overdraft Opt-In Rule
  • Small Entity Definition Proposal

4.24.2015 Regulatory Compliance Newsletter

  • Google Wallet Funds Now FDIC Insured
  • CFPB Finalizes Rule to Improve Credit Card Agreement Submission Process
  • Fannie Mae and Freddie Mac Issue Revised Private Mortgage Insurer Eligibility Requirements
  • CFPB Updates Interpretive Rule on Homeowner Counseling Lists

4.17.2015 Regulatory Compliance Newsletter

  • New SDN List Format
  • FHLB Access Among 5 CUNA-Backed Regulatory Relief Bills Winning House Approval
  • CFPB Files Suit Against Participants in RoboCall Debt Collection Operation
  • NCUA Updates National Supervision Policy Manual Regarding Approval of Secondary Capital

4.10.2015 Regulatory Compliance Newsletter

  • Revised Disclosure – Your Home Loan Toolkit
  • Don’t Delay Oct 1 Date for EMV Security: EMF Forum Director
  • NCUA, SBA Launch Small-Business Lending Initiative
  • NCUA Provides Grants to Low-Income Credit Unions
  • Supreme Court to Decide on Second Liens in Bankruptcy

4.3.2015 Regulatory Compliance News

  • FFIEC Releases Joint Statements on Risk Mitigation
  • New CFPB Toolkit Helps Consumers Shop for Mortgages
  • CUNA Backs CU RBC2 Comment Efforts with New Resource

3.27.2015 Regulatory Compliance Newsletter

  • CFPB Updates TILA/RESPA Materials with Latest Revisions
  • NCUA Videos on CDFI Fund Certification
  • NCUA Cites Improvements in Corporate Resolution, Guaranteed Notes Programs
  • FATF Updates List of Jurisdictions with AML/CFT Deficiencies
  • March NCUA Report Includes Info on Laundering Scam

3.20.2015 Regulatory Compliance Newsletter

  • Website Uses Logo Similar to NCUA’s, Mimics Website Design and Language
  • Additional Regulatory Relief Suggested by CUNA for CFPB TILA-RESPA Proposal
  • Regulators Building Tool for FI Self-Assessment of Cyper Risk, Management
  • FinCEN Names Banca Privada d’Andorra a Foreign Financial Institution of Primary Money Laundering Concern

3.13.2015 Regulatory Compliance Newsletter

  • NCUA Board Chair Charts Five Areas Where Agency Will Act
  • Financial Regulators Issue Guidance Encouraging Youth Savings Programs, Address Frequently Asked Questions
  • FRB Releases Information on Its Upcoming Check Debit Transaction Code Changes
  • OIG gives NCUA a Pass in Data Breach Caused by Examiner Error

3.6.2015 Regulatory Compliance Newsletter

  • FHFA Has New Rules for Selling Non-Performing Loans
  • NCUA Released 2014, 2015 HMDA Requirements Guidance
  • FinCEN Fines Pennsylvania Bank for Failing to Report Suspicious Activity
  • FTC Files Complaint Against Debt Relief Scammers

2.27.2015 Regulatory Compliance Newsletter

  • NCUA Launches Small Business Lending Resource Center
  • CUNA Seeks Real Life Regulatory Burden Examples for Senate Banking Committee
  • CUNA Initiates “Deep Dive” Into True Costs of CU Compliance
  •  NCUA Issues Joint Agency Guidance Promoting Youth Savings Programs
  •  New FinCEN Website Meant to Assist FBAR Filers
  • NCUA Webinar Highlights Fair Lending Examination Procedures

2.20.2015 Regulatory Compliance Newsletter

  • TILA-RESPA Integrated Disclosure Rule – Revised Estimates and Changed Circumstances
  • FFIEC Revises Business Continuity Planning Booklet
  • NCUA Director Fazio Testifies on Efforts to Ease Regulation, Make Case for Vendor Authority
  • Protect IDs Regardless of Where Consumers Shop or Bank
  • CFPB Sues Mortgage Lenders for False Reverse Mortgage Ads; Orders Others to End Deceptive Advertising

2.13.2015 Regulatory Compliance Newsletter

  • Data Security Efforts Heat Up in Congress and in State Legislatures
  • Agencies Believe Credit Unions Well-Suited to Expanding Small-Business Loans
  • Significant Concerns with Same-Day ACH Plan, CUNA Says

2.6.2015 Regulatory Compliance Newsletter

  • Regulators Release Guidance on Private Student Loans
  • FDIC Letter Addresses ‘Choke Point’ Issues
  • CFPB Proposes to Expand ‘Small Creditor’ and ‘Rural’ Definitions in Mortgage Rules

1.30.2015 Regulatory Compliance Newsletter

  • NCUA Announces Civil Money Penalties for Credit Unions that File Call Reports Late
  • NCUA Posts New ID Theft Resources for Consumers and JP Morgan Chase for RESPA Violations

1.23.2015 Regulatory Compliance Newsletter

  • Supreme Court TILA Disclosure Ruling – How It Affects Credit Union
  • RBC2 Improves: Still Solution in Search of Problem

1.16.2015 Regulatory Compliance Newsletter

  •  NCUA Releases Supervisory Priorities for 2015
  • New NCUA Video – Consumer Reports: Frauds, Scams and Cyber Threats
  • NCUA Unveils New RBC Proposal January 15
  • Obama Announces New Data Security Proposal
  • Comments Sought on Prepaid Financial Product Protections

1.9.2015 Regulatory Compliance Newsletter

  • Receipt of an Application Under the New TILA-RESPA Rule
  • New NCUA Video Outlines Field of Membership Options and Strategies
  • Lawyers’ Trust Accounts Now Insurable at Credit Unions
  • NCUA Regulatory Alert Addresses Privacy Notice Questions
  • Credit Unions Hit by Massive Loan Scams

12.19.2014 Regulatory Compliance Newsletter

  • 10 Costly FinCEN Compliance Mistakes
  • CUNA Seeks Input on NCUA’s Proposed Corporate Rule

12.12.2014 Regulatory Compliance Newsletter

  • TILA-RESPA Integrated Disclosure Rule – Shopping for Settlement Service Providers
  • New BSA/AML Exam Manual
  • Judge Denies Target’s Motion to Dismiss Data Breach Lawsuit
  • FHA Clarifies: New Mortgage Fees to Apply to New Mortgages Only
  • FRB Approves Changes to Reserve Bank Posting Rules for ACH and Commercial Checks

12.5.2014 Regulatory Compliance Newsletter

  • CFPB Issues New Mortgage Servicing Proposed Rule
  • Credit Union Fined for BSA Violations – What Credit Unions Should Know

11.14.2014 Regulatory Compliance Newsletter

  • NCUA Sues Trustee of Mortgage-Backed Securities
  • FFIEC Releases Cybersecurity Assessment Observations, Recommends Participation in Financial Services Information Sharing and Analysis Center
  • CFPB Publishes Final Privacy Rule
  • CFSI: Opportunities Abound to Support Members’ Financial Health
  • NCUA Flood  Insurance Proposed Rule

11.7.2014 Regulatory Compliance Newsletter

  • TILA-RESPA Integrated Disclosure Rule Resources
  • FinCEN: Virtual Currency Rulings
  • CFPB Releases Compliance Bulletin and Guidance for Mortgage Servicers
  • Home Depot Breach Survey from CUNA Spurs Media Coverage
  • CUNA Still Seeks Comments on Military Lending Act Proposal

10.31.2014 Regulatory Compliance Newsletter

  • CFPB 2015 List of Rural and Underserved Counties Now Available
  • Nussell Highlights CU Help in Restoring Members’ Credit
  • Looking at Compliance as Risk-Based or Rules-Based
  • Virtual Currencies Gain Momentum in Payments System
  • Faster Payments Systems: A CUNA Update for Credit Unions

10.24.2014 Regulatory Compliance Newsletter

  • U.S. Ebola Cases Remider for CUs of Pandemic Prep: Agility
  • OFAC Consolidates All Non-SDA Sanctions Lists
  • CFPB Develops Tool for Student Loan Relief
  • FIs Can Post Privacy Notices Online Under New CFPB Rule
  • Federal Regulators Approve Final QRM Rule

10.17.2014 Regulatory Compliance Newsletter

  • CFPB, FDIC Release Resources for Older Spanish-Speaking Adults
  • IRS Releases Revised ‘Certificate of Foreign Status’ Form for Individuals
  • Technical Amendments Approved by the NCUA Board
  • What CUs Need to Know About U.S. Sanctions on Russia
  • CFPB Issues Proposal to Modify TILA-RESPA Rule
  • CFPB Issues New TILA-RESPA Implementation Resources

10.10.2014 Regulatory Compliance Newsletter

  • Updated Reverse Mortgage Guide: Two Things You Should Know
  • FHA Issues 1st Chapter of Guidance for Lenders
  • NCUA Issues Bulletin on Restructuring TDR Loans
  • CUNA Comments on FinCEN’s Customer Due Diligence Proposed Rule
  • CUNA Urges President Obama to Create a Cybersecurity Council, Continues Work Addressing Data Breaches from a Legal Perspective, and Launches Grassroots Campaign

10.3.2014 Regulatory Compliance Newsletter

  • Integrated Disclosures – Which Forms Should We Use?
  • CFPB – Reg Z Now Available in Easier-to-Read Format
  • FinCEN Issues Administrative Ruling on the Application of FinCEN Regulations to Currency Transporters, Including Armored Car Services
  • FFIEC Issues Guidance on Shellshock Computer Bug
  • CUNA Working for Credit Unions on Data Security
  • Sectoral Sanctions Identifications List

9.26.2014 Regulatory Compliance Newsletter

  • NCUA Releases Video on Protecting Seniors From Financial Abuse
  • Checking Account Screening Topic of CFPB Forum
  • Federal Reserve Does Not Plan to Revise Debit Interchange Fee Caps or Fraud Adjustment
  • CFPB Proposing Changes to Reg C to Implement Amendments Made to HMDA by Dodd-Frank and Other Revisions

9.19.2014 Regulatory Compliance Newsletter

  • CFPB Reminds Consumers What to Do if They Suspect a Data Breach
  • CFPB Updates Small Entity Compliance Guide for TILA-RESPA Form
  • FinCEN Issues Advisory with Human Trafficking, Smuggling Red Flags
  • CFBP to Supervise Larger Non-Bank Remittance Providers as of Dec 1, 2014
  • MasterCard Limitation of Liability Charge
  • Apple Announces “Apple Pay” System for Mobile Payments

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

6.20.2014 Regulatory Compliance Newsletter

  • HMDA Reporting Affected by Changes to HOEPA Coverage
  • Treasury Releases BSA Data Sharing Practices with Counter-Terrorism Center
  • CFPB Fines N.J.Title Company for Referral Kickbacks
  • SBA Unveils New Interactive Lending Platform Tools
  • NCUA Provides Insights on Supervision of ‘Reputation Risk’

6.13.2014 Regulatory Compliance Newsletter

  • Fannie Mae Updates Unemployment Forebearance Requirements
  • Agencies Clarify NFIP Maximum Building Coverage Limit
  • Visa Announces New Prepaid Card Designation

6.06.2014 Regulatory Compliance Newsletter

  • FinCEN Issues Update on U.S. Currency Restrictions in Mexico Regarding Funnel Accounts and TBML
  • Nearly Half of U.S. Adults are Victim of Compromised Personal Data
  • States Seek Feds’ Banking Guidance on Cannabis Businesses
  • Alabama Firm Fined for Inadequate ‘RESPA’ Disclosures

5.30.2014 Regulatory Compliance Newsletter

  • eBay Breach Leads to More Data Security Legislation
  • Merger Guidance Offered in New NCUA Brochure
  • Risky Non-Bank Practices Subject of New CFPB Report

5.16.2014 Regulatory Compliance Newsletter

  • Report Reviews Ongoing Efforts to Modernize and Protect Credit Union System
  • New SBA Administrator: Make Extra Effort for Underserved Group
  • Treasury Allows ‘Transition Period’ for FATCA Compliance

5.09.2014 Regulatory Compliance Newsletter

  • FinCEN Publishes 5 Rulings on the Application of Money Transmission Definitions and Exemptions to Certain Business Models
  • CUNA Clarifies Question on Post-Death Benefit Payment Collections
  • Risk-Based Capital Proposal

5.02.2014 Regulatory Compliance Newsletter

  • Data Breaches Could Have Been Avoided: Verizon Report
  • Capital Planning and Stress Testing

4.25.2014 Regulatory Compliance Newsletter

  • CFPB Extends Remittance Rule Shield
  • FTC Offers Free Financial Literacy Resources
  • CFPB Finds Private Student Loan Borrowers Face ‘Auto Default’ When Co-Signer Dies or Goes Bankrupt

4.18.2014 Regulatory Compliance Newsletter

  • CUNA: IRS UBIT Memo Clears Way for Past-Tax Refunds for CUs
  • NCUA Clarifies Hearing Comments on Supplemental Capital
  • Heartbleed Bug Could Threaten Website Security
  • Financial Regulators Release Statements on Cyber-Attacks on ATMs and Card Authorization Systems and Distributed Denial of Service Attacks
  • Tighter Rules May be on the Way for Alternative Currencies

4.11.2014 Regulatory Compliance Newsletter

  • NCUA Testifies Supplemental Capital Could be Considered as Part of RBC Plan
  • CFPB Addresses Regulatory Implementation Criticism
  • NCUA Letter Warns, Advises About Taxi-Medallion Lending

3.28.2014 Regulatory Compliance Newsletter

  • Threat of the Week: XP Menace Multiplies
  • Appeals Court Overturns Interchange Ruling
  • TIGTA Warns of “Largest Ever” Phone Fraud Scam Targeting Taxpayers
  • Agencies Issue Proposed Rule on Minimum Requirements for Appraisal Management Companies
  • CFPB Testing New Prepaid Card Disclosures

3.21.2014 Regulatory Compliance Newsletter

  • FINRA Warns of Bitcoin-Related Risks
  • March 31 is Compliance Deadline for NCUA Emergency Liquidity Rule
  • Reg Alert Updates CU ATR/QM Responsibilities, Protections
  • FinCEN Finalizes AML Regulations for Housing Government Sponsored Enterprises – Final Rule Will Aid in Fight Against Mortgage Fraud
  • Mandatory Elder Abuse Reporting Begins July 1 in Colorado
  • Elder Financial Exploitation

3.07.2014 Regulatory Compliance Newsletter

  • Tax Fraud Season – Credit Unions Must Stay Alert for Schemes
  • NCUA Launches Cybersecurity Resources Page
  • ACH Change Effective March 15 – Effective Date and Rule Language
  • BSA: Recordkeeping

2.28.2014 Regulatory Compliance Newsletter

  • CFPB Takes Action Against Mortgage Lender for Illegal Payments
  • Internet Domain Just for Credit Unions on Its Way
  • CFPB Announces HMDA Proposals Under Consideration

2.21.2014 Regulatory Compliance Newsletter

  • Updated CUNA Projections Show High Cost to Credit Unions for Target Breach
  • NCUA Recoveries Improve Outlook for Corporate Stabilization Fund
  • FinCEN Issues Guidance on Marijuana Accounts but CUNA Recommends Caution

2.14.2014 Regulatory Compliance Newsletter

  • HUD Updates Its Foreclosure Brochure
  • FASB Excludes Credit Unions from ‘Public Business Entity’ Definition

2.07.2014 Regulatory Compliance Newsletter

  • Credit Unions Must Not Fall Under CFPB Debt Collection Regs, CUNA Urges
  • Senate Approved Farm Bill Contains CU Changes
  • New NCUA Booklet Gives Member Share Insurance Details
  • CUNA CompBlog Clears Up Small Issuer QM Questions

1.31.2014 Regulatory Compliance Newsletter

  • Be Careful About Security Breach Emails
  • Data Protection, QM Concerns Lead CFPB Hearing
  • Periodic Statement Questions Tackled in CUNA CompBlog
  • NCUA Approves Final Derivatives Investment Rule
  • Joint Diversity Standards Proposal

1.24.2014 Regulatory Compliance Newsletter

  • Civil Money Penalties to be Assessed for Late Call Report and Profile Submissions in 2014
  • Credit Unions offering RDC Face Increased Risk with Reg CC Proposed Amendment
  • Consumers Targeted by Vishing Scam Should Call NCUA’s Hotline

1.17.2014 Regulatory Compliance Newsletter

  • NCUA Issues Regulatory Alert Regarding HOEPA Rule
  • Risk, Simplified Exams NCUA 2014 Supervisory Priorities
  • NCUA Reiterates TILA Guidance in Reg Alert
  • GAO: Data Breach Policies Challenge Even Govt Agencies

1.10.2014 Regulatory Compliance Newsletter

  • Financial Regulators Issue Final Guidance on Social Media
  • NCUA Improves Share Insurance Estimator
  • CFPB Addresses New Reg Z Ability to Repay Requirements
  • Compliance Requirements in Responding to Target Breach




You are about to be redirected away from