CFPB Issues Consumer Advisory Regarding Student Loan Servicing

The Consumer Financial Protection Bureau is urging consumers to tell student-loan lenders and servicers how to apply additional payments to their loans so that they can save money and pay down debt more efficiently.

FinCEN Issues New Ruling on the Treatment of Armored Car Service Transactions

FinCEN has issued a new ruling on the treatment of armored car service transactions. Our compliance report details the impact on credit unions.

Mortgage Insurance Premium Deduction Extended Through 2013

Due to the American Taxpayer Relief Act of 2012, the mortgage insurance premium deduction has been reinstated, meaning members may deduct premiums for mortgage insurance from their taxes for the tax years 2012 and 2013.

Legal Briefs

Your weekly update on the regulatory landscape.

Notice Regarding How to Correct or Amend Paper Bank Secrecy Act Forms

Due to business process changes resulting from FinCEN’s BSA IT modernization, paper form instructions that pertain to filing corrections or amendments have changed.