Legal Briefs

National Credit Union Association (NCUA)

The NCUA has announced that it will be hosting a marketing webinar on Tuesday, April 23. The webinar is geared towards helping credit unions “improve outreach to current and potential members”.

The NCUA has released the agenda for the April 18th board meeting.

The April edition of the NCUA Report is now available.

Consumer Financial Protection Bureau (CFPB)

The CFPB published a proposed clarification to the 2013 Escrows Final Rule. The proposal includes clarifications on language used in the rule and also includes technical amendments.

Financial Crimes Enforcement Network (FinCEN)

FinCEN has released a transcript of Director Calvery’s remarks delivered at the National Cyber-Forensics Training Alliance CyFin 2013 Conference.

FinCEN has released a transcript of Director Calvery’s remarks delivered at the Mortgage Bankers Association Fraud Issues Conference.

Financial Accounting Standards Board (FASB)

FASB issued a proposal to update recognition and management of financial assets and financial liabilities.   

Federal Reserve Board (FRB)

The FRB published the HOEPA rates for May.

The FRB issued a proposal regarding the establishment of an annual assessment of bank holding companies and savings and loan holding companies with $50 billion or greater in total consolidated assets and for nonbank financial companies designated by the Financial Stability Oversight Council for supervision by the Federal Reserve.

Office of the Comptroller of Currency (OCC)

The OCC has released a transcript of Director Curry’s remarks delivered at the 2013 Hope Forum.  

Office of Foreign Assets Control (OFAC)

OFAC has updated the SDN list as of April 12, 2013. The last update prior to this was April 11, 2013.

Questions? Contact the Compliance Hotline: 1.800.546.4465,

Posted in Compliance News, NCUA.