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Extensive Updates Provided in First Reg Advo Report of 2014
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 include:
  • 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.
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