Major spike in ATM skimming attacks; Compliance Question of the Week on found money following a vehicle repossession and the latest legal briefs.
Compliance Center: VISA card issuers must offer transaction alert capability by October; also, question on FFIEC Cyber security Assessment Tool and legal briefs.
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?”
Your weekly update on the regulatory landscape.
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.
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.
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.
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.
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.
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.
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.
Your update of the regulatory landscape.