Legal Briefs

National Credit Union Administration (NCUA)

The March edition of the NCUA Report is available.

The NCUA has published a schedule of small credit union workshops that they will be hosting across the country.

The NCUA has released the agenda for the March 14th Board Meeting.

The NCUA has announced that it will hold a webinar detailing the examination focus of the agency for 2013. The webinar will be held on Wednesday, March 27th.

Consumer Financial Protection Bureau (CFPB)

The CFPB has posted information on its blog regarding the CFPB’s planned actions to help with the elder abuse epidemic.

The CFPB has posted information on its blog regarding the exemption from escrow requirements for small creditors in rural areas.  The article includes a link to the CFPB’s list of rural or underserved counties.

Internal Revenue Service (IRS)

The IRS has announced that it is seeking volunteers for the Taxpayer Advocacy Panel.   

Federal Trade Commission (FTC)

The FTC has issued a report: .com Disclosures- How to Make Effective Disclosures in Digital Advertising.    

Federal Financial Institutions Examination Council (FFIEC)

The FFIEC has released a short announcement on the revised delineations of MSAs. While the new definitions are effective immediately, the FFIEC has stated that HMDA information will not be impacted by this update until January 2014.   

Office of Foreign Assets Control (OFAC)

OFAC has updated the SDN list as of March 11, 2013. The last update prior to this was March 07, 2013.

OFAC has announced that it has launched a new SDN verification tool.


Questions? Contact the Compliance Hotline: 1.800.546.4465,

Posted in Compliance News, Compliance News.