Legal Briefs

National Credit Union Administration (NCUA)

The March edition of the NCUA’s Economic Update is available.

The NCUA has issued a letter to federal credit unions discussing the fair lending examination program. In conjunction with this letter, the NCUA will be hosting a Fair Lending Webinar on April 4, 2013.

The NCUA has released its Board Action Bulletin detailing the outcome of the March board meeting.

Consumer Financial Protection Bureau (CFPB)

The CFPB presented its annual report to Congress regarding the Fair Debt Collection Practices Act.

Financial Crimes Enforcement Network (FinCEN)

FinCEN has released guidance on virtual currencies. The guidance applies to persons “creating, obtaining, distributing, exchanging, accepting, or transmitting virtual currencies.”

FinCEN has published prepared remarks delivered by Director Jennifer Shasky Calvery at the ACAMS 18th Annual International AML and Financial Crime Conference.

Federal Reserve Board (FRB)

The FRB issued a press release discussing the Federal Open Market Committee’s expectations and plans for the near future.

Office of Foreign Assets Control (OFAC)

OFAC has updated the SDN list as of March 14, 2013. The last update prior to this was March 11, 2013.


Questions? Contact the Compliance Hotline: 1.800.546.4465,

Posted in Advocacy News, Federal, NCUA.