Legal Briefs

National Credit Union Administration (NCUA)

The NCUA has released a three-part Consumer Protection Update on their consumer website,, that explains the new remittance transfer and mortgage rules.

Consumer Financial Protection Bureau (CFPB)

The CFPB has published its Advance Notice of Proposed Rulemaking (ANPR) for debt collection rules.

The CFPB has published the safe harbor list in the Federal Register for the remittance transfer rule.

The CFPB has posted information on its blog to help lenders ensure that auto dealerships are following the law.

The CFPB announced that it is now accepting complaints from borrowers that run into problems with payday loans.

Financial Crimes Enforcement Network (FinCEN)

FinCEN has issued a fact sheet to help financial institutions better understand the 314(b) information sharing program.

Federal Reserve Board (FRB)

The FRB released information regarding the 2014 reserve requirements.  

Office of the Comptroller of the Currency (OCC)

The OCC released a bulletin to help financial institutions assess and manage risks associated with third-party relationships.

Office of Foreign Assets Control (OFAC)

OFAC has updated the SDN list as of Oct 31. The last update prior to this was Oct. 30.


Questions? Contact the Compliance Hotline: 1.800.546.4465,

Posted in Compliance News.