Compliance Center: Skimming Alerts. Also, Found Money After Vehicle Repo & Legal Briefs
Major spike in ATM skimming attacks; Compliance Question of the Week on found money following a vehicle repossession and the latest legal briefs.
Anthem
Compliance Center: VISA Card Issuers Must Offer Transaction Alert Capability by October
Compliance Center: VISA card issuers must offer transaction alert capability by October; also, question on FFIEC Cyber security Assessment Tool and legal briefs.
NCUA Issues Regulatory Alert Regarding Ability-To-Repay and Qualified Mortgage Rule
The NCUA has issued a new regulatory alert to remind credit unions of the compliance requirement for the CFPB’s Ability to Repay/Qualified Mortgage Rule. Also in today’s Anthem: Legal Briefs, and the Question of the Week: “What happens if the person who is renting a safe-deposit box passes away? Who has access?”
Legal Briefs
Your weekly update on the regulatory landscape.
NCUA Issues Regulatory Alert Regarding HOEPA Rule
The National Credit Union Administration has issued a regulatory alert to all federally insured credit unions focusing on the new Homeownership Counseling and Consumer Protection Requirements under HOEPA requirements that go into effect on Friday, Jan. 10.
NCUA Issues Regulatory Alert Regarding Ability to Repay and Qualified Mortgage Rules
The National Credit Union Administration has issued a regulatory alert to all federally insured credit unions focusing on the Ability-to-Repay (ATR) and Qualified Mortgage (QM) requirements that go into effect on Friday, Jan. 10.
NCUA Releases Regulatory Alert to Remind Credit Unions of Remittance Transfer Requirements
The regulatory alert reminds credit unions of recent major changes to the Consumer Financial Protection Bureau’s remittance transfer rule, and also serves to remind credit unions of the Oct. 28, 2013, compliance date.
NCUA Issues Risk Alert Concerning the Mitigation of DDoS Attacks
A risk alert issued recently by the NCUA provides credit unions with guidance and steps to follow to mitigate distributed denial-of-service (DDoS) attacks.
Alert to Credit Unions: Be Vigilant Protecting Internet Systems
Credit unions must be on the alert in the wake of a massive cyber attack targeting the nation’s largest banks. A Middle Eastern group has claimed responsibility for the hacking, which blocked millions of customers from access to their online accounts for several hours.
NCUA Regulatory Alert Addresses Compensating Loan Originators
According to the NCUA’s third regulatory alert of the year, credit unions making closed-end residential mortgage loans will now have new flexibility in compensating their originators.
2011 HMDA Requirements Outlined by NCUA
The National Credit Union Administration in its Regulatory Alert No. 11-RA-02 is reminding credit unions that engage in residential mortgage lending of their 2011 reporting obligations under the Home Mortgage Disclosure Act.
Legal Briefs February 17, 2011
Your update of the regulatory landscape.