Legal Briefs

National Credit Union Administration (NCUA)

The NCUA’s July edition of their Economic Update is now available.

The NCUA Board announced that it lowered the stabilization fund assessment to 8 basis points.

Federal Reserve Board (FRB)

The FRB, in conjunction with the U.S. Mint, delivered its report to Congress regarding the Presidential $1 Coin Program.

Financial Crimes Enforcement Network (FinCEN)

FinCEN has introduced a new form for filers who submit FBARs jointly with spouses or through a third party.

Federal Deposit Insurance Corporation (FDIC)

The FDIC, in conjunction with the OCC and FRB, has released a statement encouraging financial institutions to work with student loan borrowers who may be experiencing financial difficulties.

Federal Financial Institutions Examination Council (FFIEC)

The FFIEC has released its updated version of the 2013 HMDA data entry software.

Office of Foreign Assets Control (OFAC)

OFAC has updated the SDN list as of July 30, 2013. The last update prior to this was July 24, 2013.


Questions? Contact the Compliance Hotline: 1.800.546.4465,

Posted in Compliance News, Federal, NCUA.