Legal Briefs

Your weekly update on the regulatory landscape.

CFPB Releases SAFE Act Exam Procedures

The CFPB has issued exam procedures for the SAFE Act, and the NCUA, DCBS and DFI are all likely to use these procedures to inform their own examinations.

Washington Department of Licensing Teams with NWCUA for In-Depth Training

The upcoming Washington State Vehicle & Vessel Titling Seminar offers credit unions an opportunity to streamline state titling procedures through a training facilitated by experts from the state’s Department of Licensing.

Oregon Department of Justice Issues Mortgage Servicing Rule, Take Two

The Oregon DOJ has suspended the temporary mortgage loan servicing rule it issued in January and issued a new rule on Feb. 15, 2012, that includes a handful of modifications.

Oregon Department of Justice Issues Mortgage Servicing Rule

The Oregon Department of Justice issued a temporary rule that covers anyone engaged in mortgage loan servicing in Oregon, including lenders, servicers and servicing agents. The rule took immediate effect upon being issued on Jan. 27.

Cordray Names Date, Markus as CFPB Department Heads

Recently appointed as director of the CFPB, Richard Cordray tabbed Raj Date and Kent Markus as department heads within the newly-operational bureau.

Legal Briefs

Your update on the regulatory landscape.

Legal Briefs

Your update on the regulatory landscape.

Treasury Department Offers Toolkit for New Savings Bond Procedures

As the U.S. Department of the Treasury takes steps to end the sale of paper savings bonds, it offers a toolkit to help financial institutions navigate the transition to an electronic system.

Association Hires AVP Heider, Increase Focus on Communications

Just in time for the next stage in the interchange regulatory process, the Association has hired Lynn Heider as the new AVP of Communications to oversee the department and ensure the credit union message gets out to the press and the public.

Legal Briefs

Your update on the regulatory landscape.

WA Real Estate Lenders Must Complete Foreclosure Certificate by Saturday

Credit unions that issued fewer than 250 notices of default in 2010 are exempt from paying a fee, but must certify that they meet the exemption requirement by the due date of May 14.

Legal Briefs

Your update on the regulatory landscape.

NWCUA: Oregon’s DCBS Fee Increase Proposal Necessary—Temporarily

Oregon credit unions will likely be paying more fees than expected in 2011 to the Department of Consumer and Business Services, the primary regulator of credit unions in Oregon, due to a budget shortfall caused by market forces.

Legal Briefs July 15, 2010

Your update of the regulatory landscape.