Legal Briefs

National Credit Union Administration (NCUA)

The NCUA announced that the Stabilization Fund received a clean audit opinion.

Consumer Financial Protection Bureau (CFPB)

The CFPB released a statement about its work to determine the best strategies for financial education.

The CFPB released a reminder that it is reviewing student lending and looking for ideas on how to improve student loans.

The CFPB issued its updated Reg E rule, removing the requirement for a disclosure to be on the outside of the ATM that informs consumers of potential fees.

The CFPB issued a press release detailing the finalization of changes to the CARD Act.

Federal Financial Institutions Examination Council (FFIEC)

The FFIEC issued a press release announcing the new feature of the Information Technology Examination Handbook InfoBase, which allows users to register to receive notifications on changes made to InfoBase.

Federal Reserve Board (FRB)

The Federal Reserve Board issued a press release detailing the results of its survey of mobile financial services.

US Department of Housing and Urban Development (HUD)

HUD is proposing a change to the timeframe in which FHA conducts its pre-endorsement review of loans by Direct Endorsement (DE) lenders.

Office of Foreign Assets Control (OFAC)

OFAC has updated the SDN list as of March 21, 2013. The last update prior to this was March 14, 2013.


Questions? Contact the Compliance Hotline: 1.800.546.4465,

Posted in Around the NW, Community Impact, Compliance News, Federal, NCUA.