Legal Briefs

Federal Financial Institutions Examiners Council (FFIEC)

The FFIEC has released the 2014 HMDA data entry software.

The FFIEC has released the 2014 preliminary census data lists.

 Consumer Financial Protection Bureau (CFPB)

The CFPB issued a final rule which adjusts the asset-size threshold for certain creditors to qualify for exemption from the requirement to establish escrow accounts for higher-priced mortgage loans. 

The CFPB issued a final rule that changes the asset-size exemption for HMDA reporting.

Office of Comptroller of the Currency (OCC)

The OCC has issued final supervisory guidance on deposit advance products.

 Office of Foreign Assets Control (OFAC)

OFAC has updated the SDN list as of Dec. 19, 2013. The last update prior to this was Dec. 18, 2013.

Questions? Contact the Compliance Hotline: 1.800.546.4465, compliance@nwcua.org.

Posted in Article Post.