Legal Briefs

National Credit Union Administration (NCUA)

The NCUA has released the December edition of the Economic Update.


Consumer Financial Protection Bureau (CFPB)

The CFPB blogged about the gift cards, their terms, and some of the surprises that plague gift card recipients.

The CFPB has issued the Remittance Transfer Rule Proposal, which aims to clear up some concerns shared by financial institutions about the final regulation.


Office of Foreign Assets Control (OFAC)

OFAC has updated the SDN list as of Dec. 21, 2012. The last update prior to this was Dec. 20, 2012.


Office of Comptroller of Currency (OCC)

The OCC released an alert describing the denial of service attacks and customer account fraud that has been impacting financial institutions in the recent months.


Financial Crimes Enforcement Network (FinCEN)

FinCEN issued a press release that describes their decision to postpone the FBAR filing requirements to June 30, 2014.


Federal Trade Commission (FTC)

The FTC is proposing an increase in the dollar threshold associated with the “Cooling off Rule”, to reflect cumulative inflation since the rule was initially adopted in the 1970s.


Federal Financial Institutions Examination Council (FFIEC)

The FFIEC has released the 2013 HMDA software.

Questions? Contact the Compliance Hotline: 1.800.546.4465, compliance@nwcua.org.

Posted in Around the NW, Awards, Community Impact, Compliance, CUNA, Financial Education, NCUA.