Legal Briefs

National Credit Union Administration (NCUA)

The February 2013 NCUA report has been published.

The agenda for the Feb. 21 NCUA board meeting has been released.

Consumer Financial Protection Bureau (CFPB)

The CFPB posted information on its blog explaining qualified mortgages, why they made the related rule, and how the rule will help the mortgage industry.

The CFPB held a meeting with its Consumer Advisory Board. Bureau Director Richard Cordray’s prepared remarks are available here.

Federal Deposit Insurance Corporation (FDIC)

The FDIC has proposed a rule that would clarify that deposits in foreign branches of U.S. banks would not be FDIC insured.

Federal Reserve Board (FRB)

The March 2013 HOEPA rates have been published.

Federal Reserve Financial Services (FRB Services)

The February 2013 edition of FedFlash has been issued.

Financial Crimes Enforcement Network (FinCEN)

FinCEN Director Jennifer Calvery delivered remarks during a recent Florida International Bankers Association Anti-Money Laundering Conference.

Office of Foreign Assets Control (OFAC)

OFAC has updated the SDN list as of Feb. 20, 2013. The most recent previous update had been on Feb. 14, 2013.

Financial Accounting Standards Board (FASB)

FASB has issued a proposal regarding improvements of financial assets and liabilities.


Questions? Contact the Compliance Hotline: 1.800.546.4465,

Posted in Advocacy News, Around the NW, Compliance News, Federal, NCUA.