Legal Briefs

National Credit Union Administration (NCUA)

The NCUA has released the list of rules that it will review in 2013.

The NCUA has announced that it has $9.5 million available for low-income credit union (LICU) loans.

The NCUA also wants to remind credit unions that they are hosting a free webinar with Consumer Financial Protection Bureau (CFPB) Director Richard Cordray on Feb. 5, 2013.

The NCUA has released a Letter to Federal Credit Unions detailing the operating fee schedule for 2013.

Office of the Comptroller of the Currency (OCC)

The OCC has announced an assessment of a $10 million Civil Money Penalty against a South Dakota bank for violations of the Bank Secrecy Act (BSA).

Federal Trade Commission (FTC)

The FTC warns of fake emails being sent to consumers claiming to be from them.

National Automated Clearing House Association (NACHA)

NACHA is asking financial institutions to participate in an account validation survey.

Office of Foreign Assets Control (OFAC)

OFAC has updated the SDN list as of Jan. 30, 2013. The last update prior to this was made on Jan. 24, 2012.


Questions? Contact the Compliance Hotline: 1.800.546.4465,

Posted in Advocacy News, Compliance News, Events, Federal, NCUA.