Legal Briefs

National Credit Union Administration (NCUA)

NCUA Chair Debbie Matz delivered a speech to the National Federation of Community Development Credit Unions in which she assured the NCUA’s support for community development and small credit unions.

NCUA Board Member Michael Fryzel delivered a speech at the annual convention of the Maryland and District of Columbia Credit Union Association, stating that the future is “bright” for credit unions and praising credit unions on their outstanding service to their members.


Consumer Financial Protection Bureau (CFPB)

The CFPB released a recent report detailing the impact of overdraft practices on consumers.

The CFPB has released new small entity compliance guides for the Loan Originator Rule and the Mortgage Servicing Rules.


Federal Deposit Insurance Corporation (FDIC)

The FDIC and CFPB launched a tool (Money Smart for Older Adults) to help older adults prevent financial exploitation.


Federal Financial Institutions Examination Council (FFIEC)

The FFIEC issued a press release discussing the creation of a Cybersecurity and Critical Infrastructure Working Group.


US Department of Housing and Urban Development (HUD)

HUD has released the May edition of the Housing Scorecard.


Office of the Comptroller of the Currency (OCC)

The OCC held a web conference to discuss cyber threats and vulnerabilities. In the press release, the OCC discusses some good tools that institutions may use to help mitigate information security related risks.


Office of Foreign Assets Control (OFAC)

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

 

Questions? Contact the Compliance Hotline: 1.800.546.4465, compliance@nwcua.org.

Posted in Around the NW, Compliance, NCUA, NWCUA.