Vendor

Summary: NCUA Risk Alert: 20-Risk-02 COVID-19 Fraud Schemes

NCUA Risk Alert: 20-Risk-02 COVID-19 Fraud Schemes August 2020 NCUA issued Risk Alert 20-RA-02 to inform credit unions about fraud risks associated with the COVID-19 pandemic. The economic dislocation resulting...

Summary: Regulatory Alert 20-RA-07 CFPB Issues Amendments to Payday, Vehicle Title, and Certain High-Cost Installment Loans Rule

Regulatory Alert 20-RA-07 CFPB Issues Amendments to Payday, Vehicle Title, and Certain High-Cost Installment Loans Rule August 2020 In July, the CFPB issued a final rule amending parts of the...

Summary: Legal Opinion Automated Loan Underwriting System – Segregation of Duties for Loan Officers

Legal Opinion Automated Loan Underwriting System – Segregation of Duties for Loan Officers June 16, 2020 NCUA’s legal opinion reinterprets existing NCUA interpretations of the permissibility of loan disbursements resulting...

Summary: Legal Opinion Reasonable Proximity Analysis

Legal Opinion Reasonable Proximity Analysis June 10, 2020  NCUA’s Legal Opinion addresses FCU field of membership and the term “reasonable proximity,” as used in the Federal Credit Union Act (“FCUA”)...

Summary: FinCEN Guidance FIN-2020-G002

FinCEN Guidance FIN-2020-G002 Frequently Asked Questions Regarding Customer Due Diligence (CDD) Requirements for Covered Financial Institutions August 3, 2020 FinCEN has issued updated responses to 3 FAQs regarding CDD requirements...

Summary: Proposed Rule re: Higher Priced Mortgage Loan Escrow Exemption (Regulation Z)

Summary: Proposed Rule re: Higher Priced Mortgage Loan Escrow Exemption (Regulation Z) 12 CFR Part 1026 The Consumer Financial Protection Bureau  Prepared by the Legislative and Regulatory Affairs Department  July...

Summary: CFPB Request for Information on the Equal Credit Opportunity Act and Regulation B

Summary: CFPB Request for Information on the Equal Credit Opportunity Act and Regulation B The Consumer Financial Protection Bureau Prepared by the Legislative and Regulatory Affairs Department  August 2020  The...

Summary: Regulatory Alert 20-RA-06 Treatment of Certain COVID-19-Related Loss Mitigation Options Under the Real Estate Settlement Procedures Act

Regulatory Alert 20-RA-06 Treatment of Certain COVID-19-Related Loss Mitigation Options Under the Real Estate Settlement Procedures Act August 2020 NCUA’s Regulatory Alert notifies credit unions of the CFPB’s interim final...

Summary: Letter to Credit Unions 20-CU-23 Annual Voluntary Credit Union Diversity Self-Assessment

Letter to Credit Unions 20-CU-23 Annual Voluntary Credit Union Diversity Self-Assessment August 2020 NCUA issued LTCU 20-CU-23 to encourage credit unions to completing NCUA’s Annual Voluntary Credit Union Diversity Self-Assessment. NCUA notes...

Summary: Letters to Credit Unions 20-CU-22 Update to NCUA’s 2020 Supervisory Priorities

Letters to Credit Unions 20-CU-22 Update to NCUA’s 2020 Supervisory Priorities July 2020 NCUA issued LTCU 20-CU-22 to update its Supervisory Priorities listed in LTCU 20-CU-01 in light of developments related...

Summary: Proposed Rule re: Qualified Mortgage Definition Under the Truth in Lending Act (Regulation Z): Extension of Sunset Date

Summary: Proposed Rule re: Qualified Mortgage Definition Under the Truth in Lending Act (Regulation Z): Extension of Sunset Date 12 CFR Part 1026 The Consumer Financial Protection Bureau Prepared by...