WASHINGTON (1/7/14)--In the first Regulatory Advocacy Report
of 2014, Credit Union National Association staff provide a heavy dose of the latest in compliance and regulatory news, updating credit unions on what they may have missed over the holidays.
Items addressed in the Report
- CUNA's work to determine the impact of the Target breach on credit unions;
- CUNA's call for the National Credit Union Administration to issue guidance, not a new rule, on capital planning and stress tests for the largest credit unions;
- An NCUA regulatory alert on new Ability-To-Repay and Qualified Mortgage rules;
- CUNA and financial institutions' upcoming oral arguments in an ongoing interchange case;
- The Consumer Financial Protection Bureau's request for information regarding the mortgage closing process;
- The CFPB's release of the 2014 Home Mortgage Disclosure Act threshold;
- U.S. Treasury Bank Secrecy Act Advisory Group nominations; and
- CUNA's comments to the Federal Reserve Banks on payment system improvements.
A resource chart with information on current CUNA comment calls is also provided in the Report.
For this week's Regulatory Advocacy Report
, CUNA members can use the resource link. News Now
coverage of the regulatory issues listed above can also be found through the links.