Legal Briefs

National Credit Union Administration (NCUA)

The NCUA announced that it will be holding a free Home Mortgage Disclosure Act (HMDA) webinar to discuss common Loan Application Register (LAR) errors, tips for preparing the LAR and HMDA responsibilities.

Consumer Financial Protection Bureau (CFPB)

The CFPB issued a final rule stating that it will consider a rule to be published when it is published on its website or in the Federal Register, whichever is earlier.

The CFPB announced that the HMDA asset-size exemption threshold will be set at $42 million or less for 2013.

Federal Trade Commission (FTC)

The FTC issued a report to Congress reporting on debit card transactions and how the new interchange rules have impacted financial institutions.

Internal Revenue Service (IRS)

The IRS has released guidance on withholding tables for 2013.

Questions? Contact the Compliance Hotline: 1.800.546.4465,

Posted in Business Solutions, Compliance News, Industry Insight, NCUA, Strategic Link.