Legal Briefs

National Credit Union Administration (NCUA)

The NCUA has posted two new economic update videos.

Consumer Financial Protection Bureau (CFPB)

The CFPB released a proposed rule to provide clarifications to the mortgage rules issued in January.

The CFPB issued a rule that will supervise nonbank entities that pose a risk to consumers.

Federal Reserve Board (FRB)

The FRB proposed a new data collection requirement that would require insured depository institution with assets of $26 billion or more to report on their federal funds transactions and certificates of deposits.

Financial Crimes Enforcement Network (FinCEN)

FinCEN has issued guidance for financial institutions that may have difficulty submitting reports within the required timeframes due to natural disasters or other extenuating circumstances.

Office of the Comptroller of the Currency (OCC)

The OCC issued a final rule that applies a lending limit to credit exposures related to derivative transactions.


Questions? Contact the Compliance Hotline: 1.800.546.4465,

Posted in Compliance News, Compliance News, Federal, NCUA, NWCUA.