Legal Briefs

National Credit Union Administration (NCUA)

The January edition of the NCUA’s Economic Update video is now available.

Consumer Financial Protection Bureau (CFPB)

The CFPB has announced that it will delay the implementation of the International Remittance Transfer Rule. The announcement did not indicate when the rule will take effect.

The CFPB published more final rules, including Mortgage Servicing Final Rules, Appraisals for Higher-Priced Mortgage Loans, Reg B Appraisals, and Loan Originator Compensation Requirements under the Truth in Lending Act (TILA).

Federal Financial Institutions Examination Council (FFIEC)

The FFIEC issued a press release detailing its proposed guidance relating to social media use by financial institutions.

Financial Crimes Enforcement Network (FinCEN)

FinCEN has announced that it will hold an informational webinar on healthcare fraud that will focus on explaining the roles that financial institutions unknowingly play in this type of fraud. The archived version of the webinar can be viewed here.

Office of Foreign Assets Control (OFAC)

OFAC has updated the SDN list as of Jan. 23, 2013. The most recent previous update had been on Jan. 17, 2012.


Questions? Contact the Compliance Hotline: 1.800.546.4465,

Posted in Advocacy News, Compliance News.