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Some Breathing Room… CFPB Delays TRID

On June 17th the Consumer Financial Protection Bureau (“CFPB”) announced they would be issuing a proposed rule to delay the effective date of the TILA/RESPA Integrated Disclosure Rule (“TRID”). Yesterday we got our first...

New Era for Commercial Lending Compliance?

NCUA has started to make in-roads regarding regulatory relief in a surprising way. At their recent board meeting, NCUA announced a proposed rule to ease regulatory restrictions impacting member business loans (MBL).

Final Diversity and Inclusion Standards Issued

The Offices of Minority and Women Inclusion for NCUA and five other federal agencies recently issued Final Standards for assessing the diversity policies and practices of the entities they regulate (e.g., credit unions, in...

“Clean Desk” Practices

NCUA has indicated they will focus on cyber security as an examination issue in 2015. In addition, NCUA Rules and Regulations (Part 748) require each federally insured credit union to have a security program...

August 1, 2015: The Day the Pre-Approval Died?

With only 65 days left until the Consumer Financial Protection Bureau’s Integrated Disclosure Rule takes effect, you’ve got time to listen to Don McLean’s 1971 classic about one more time (that song is REALLY...

Overdrafts Still a Regulatory Priority

There’s no time like the present to review your credit union’s overdraft program and ensure it is not only compliant with existing regulations but that members are fully informed about the terms of the...