Legal Briefs

National Credit Union Administration (NCUA)

The NCUA has released a video regarding consumer protection for service members and vets.

The NCUA has released information detailing the outcome of the November Board Meeting. Among other items, the NCUA has stated that it does not expect there to be a stabilization fund assessment for 2014.

The NCUA has released the final CUSO rule.

Consumer Financial Protection Bureau (CFPB)

The CFPB has published its Fall 2013 rulemaking agenda.

The CFPB has released its ombudsman’s second-annual report.

Office of the Comptroller of Currency (OCC)

The OCC issued guidance regarding deposit advance products.

Federal Housing Finance Agency (FHFA)

The FHFA released a statement detailing that Fannie Mae and Freddie Mac have updated their mortgage insurance master policy agreements.

Financial Crimes Enforcement Network (FinCEN)

FinCEN has issued a final rule amending the definitions of “funds transfer” and “transmittal of funds” under the Bank Secrecy Act.

Office of Foreign Assets Control (OFAC)

OFAC has updated the SDN list as of Nov. 26. The last update prior to this was Nov. 14.


Questions? Contact the Compliance Hotline: 1.800.546.4465,

Posted in Compliance News, NCUA.