Legal Briefs

National Credit Union Administration (NCUA)

The NCUA released the Agency’s annual report. The annual report provided detailed information regarding the NCUA’s activities and performance.

The NCUA released new analysis of state-level credit union data. The updated maps show improvements in most measurements for credit unions.

Consumer Financial Protection Bureau (CFPB)

The CFPB released the exam procedures for the new mortgage rules. The exam procedures offer financial institutions and mortgage companies valuable guidance on what the CFPB will be looking for as the rules become effective.


NACHA has launched the 1073 Solutions Center. The 1073 Solutions Center provides information, tools and resources designed to improve the understanding of section 1073 of the Dodd-Frank Act and how that affects Remittance Transfers under Reg E.

White House

The office of the President released 5 executive actions and 7 legislative recommendations designed to improve incentives for future innovation of high tech patents and protect innovators from frivolous litigation.

Office of Foreign Assets Control (OFAC)

OFAC has updated the SDN list as of June 5, 2013. The last update prior to this was May 23, 2013.


Questions? Contact the Compliance Hotline: 1.800.546.4465,

Posted in Compliance News, Financial Education, NCUA, NWCUA.