Legal Briefs

National Credit Union Administration (NCUA)

The NCUA announced their launch of a new search engine for credit unions that has been launched called FAQ+. The search engine allows credit unions to ask about things such as training opportunities and grants.

The NCUA announced that Senator Metsger will take the Oath of Office as the newest NCUA Board Member on August 23, 2013.

Consumer Financial Protection Bureau (CFPB)

The CFPB released updates to their remittance transfer rule, including a new small business compliance guide.

Federal Housing Finance Agency (FHFA)

The FHFA is seeking public input on how they should begin reducing Fannie Mae and Freddie Mac’s multifamily businesses. Some of the options include restrictions on available loan terms and limits on property financing.

Federal Reserve Board (FRB)

The FRB announced the members of its Community Depository Institutions Advisory Council for 2014.

Wash. State Division of Credit Unions (DCU)

The DCU has posted an alert regarding counterfeit cashier’s checks drawn on Industrial Credit Union.


Questions? Contact the Compliance Hotline: 1.800.546.4465,

Posted in Compliance News, Federal, NCUA.