CFPB and NCUA officials have announced semi-annual rulemaking agenda updates.
Compliance Center: Federal Agencies Issue Final Policy Statement for Assessing Diversity Policies and Practices
Get the details on the interagency diversity policy; your question answered about denying a Reg E claim; plus this week’s legal briefs.
The Washington Department of Financial Institutions has been reaccredited by the National Association of State Credit Union Supervisors.
Washington Governor Jay Inslee is trying to kick-start the banking of legal marijuana businesses. With nearly all Washington credit unions sitting on the sidelines, the governor has reached out to four federal agencies for better guidance.
Merchants and financial institutions aren’t the only ones with data breach headaches. A recent U.S. Government Accountability Office study reviewed eight federal agencies and found that while they “generally” developed data security breach policies and procedures, they inconsistently implemented them.
Regulatory Agencies Release Interagency Statement on Supervisory Approach for Qualified and Non-Qualified Mortgage Loans
The NCUA and three other federal regulatory agencies have released a Joint Interagency Statement on the Supervisory Approach for Qualified and Non-Qualified Mortgage Loans.
The Consumer Financial Protection Bureau has launched an online tool to help consumers find local HUD-approved counseling agencies.
Your weekly update on the regulatory landscape.
Six federal agencies have issued a notice revising the rule requiring sponsors of securitization transactions to retain risks in those transactions. Our Compliance Report offers interpretation and resources.
Credit union compliance specialists will want to review the semi-annual update to the CFPB rulemaking agenda. The Compliance Update highlights some of the important revisions.
Even if the Washington State Legislature fails in its second session to pass a budget, the Department of Credit Unions will continue to operate without interruption, Anthem has learned.
New amendments to the Garnishments of Federal Benefits Payments Rule take effect June 28. This week’s compliance report explains new definitions and credit union responsibilities.
President Obama signed an executive order Tuesday aimed at improving information-sharing about cyber threats between the government and industry and at establishing a risk framework and best practices for businesses.
After reviewing hundreds of mortgage advertisements, the FTC sent warning letters to 20 real estate agents, home builders and lead generators urging them to review their ads for compliance with Regulation N.
A bill introduced in the Senate last month would require independent agencies, such as the CFPB and NCUA, to analyze the costs and benefits of new regulations and tailor new rules to minimize unnecessary burdens on the economy, a move that could ease the rate at which new regulations are introduced.
Agencies Issue Statement to Clarify Supervisory and Enforcement Responsibilities for Federal Consumer Financial Laws
The federal financial supervisory agencies issued a policy statement to explain the measure and schedule to determine an institutionâ€™s asset size for purposes of determining supervisory and enforcement responsibilities under the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Rules and announcements from federal agencies impacting credit unions.
Standard and Poorâ€™s downgrade of the United States debt, along with dozens of U.S government related bonds issued by Fannie Mae and Freddie Mac warrants a review of credit unionsâ€™ investment policies.