Get the latest resources for HMDA implementation; your question answered about opening a conservatorship or guardian account; plus this week’s legal briefs.
The NWCUA and CUNA point out the rule’s detrimental impact—especially on small credit unions—despite certain concessions.
A fact sheet from the Consumer Financial Protection Bureau explains changes the bureau is considering to the Home Mortgage Disclosure Act. Also in today’s Anthem: Legal Briefs, and the Question of the Week: “How do we ID a minor when they are opening an account?”
The CFPB has released new modules that will be used by examiners to identify risks of Equal Credit Opportunity Act violations. The NWCUA compliance team provides a brief important to credit unions.
The NCUA has announced more structure around its Fair Lending Examination Program. Responsibility for the program is now with the Office of Consumer Protection.
The NCUA released Letter to Federal Credit Unions 13-FCU-02 Tuesday, which outlines a number of developments in the NCUA’s Fair Lending Examination Program, including new educational and compliance tools and the institution of off-site supervision contacts in certain instances.
The CFPB issued a final rule increasing the asset-size exemption for credit unions under Regulation C, which implements the Home Mortgage Disclosure Act, to $42 million.
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.