Legal Briefs

Consumer Financial Protection Bureau (CFPB)

The CFPB has released an update to Reg E. The interim final rule does not impose any new substantive obligations on the regulation but does provide for the transfer of the authority to the CFBP. Comments are due by Feb. 27, 2012.

National Credit Union Administration (NCUA)

The NCUA issued Letter to Credit Unions 12-CU-01. The letter discusses financial trends in federally insured credit unions and provides an insight into the supervisory focus for 2012. The areas of exam focus will be credit risks, interest rate and liquidity risks, and concentration risks.

Office of Foreign Assets Control (OFAC)

The OFAC SDN list was updated again. Last update: Dec. 29, 2011.


Questions? Contact the Compliance Hotline: 1.800.546.4465,

Posted in NCUA.