Toggle
Compliance E-Guide
Affirmative Action Americans With Disabilities Appraisals Bank Bribery Act Bank Secrecy Act Bank Secrecy Act_TEST Bankruptcy Board Governance Bylaws Certificates of Indebtedness Charitable Contributions Check 21 Children's Online Privacy Protection Act - COPPA Community Development Revolving Loan Program Conflicts Of Interest Credit Practices Rule Credit Risk Retention Credit Union Service Organizations (CUSOs) Cybersecurity Derivatives Disaster Recovery Elder Financial Abuse Electronic Fund Transfers - Regulation E Electronic Signatures Eligible Obligations Equal Credit Opportunity - REG B Examinations Expedited Funds Availability Act - REG CC Fair Credit Reporting Act Fair Debt Collection Practices Act Fair Housing Act Fair Labor Standards Act FATCA Fidelity Bonds Field Of Membership Fixed Assets Flood Insurance FOM Summary July 2015 Foreign Branching Garnishments (Federal Benefit Payments) Health Savings Accounts History of Federal Income Tax Exemption Holder In Due Course Rule Home Mortgage Disclosure Act - REG C Home Ownership Counseling Notification Identity Theft Incidental Powers Individual Development Accounts - IDAs Individual Retirement Accounts (IRAs) Interchange Fees And Routing Internet Gambling Investments - NCUA Part 703 IRS Reporting – 1098-E Student Loan Interest Statement IRS Reporting – Form 1099-INT Interest Reporting IRS Reporting - Form W-9 - Request For Taxpayer Identification Number And Certification IRS Reporting 1098 Mortgage Interest IRS Reporting Form 1099-C Discharge Of Indebtedness IRS Reporting Non-Resident Alien Reporting–Forms W-8BEN and 1042-S (also see E-guide section for FATCA) IRS REPORTING–1099-MISC,Miscellaneous Income IRS Reporting-Form 990,Return of Organization Exempt from Income Tax IRS Small Business Health Care Tax Credit IRS Summons And Levies J-Regulation J - Collection of Checks or Funds Transfer Through Fedwire Leasing - REG M Liquidity Loan Participations Management Interlocks Margin Loans - REG U Member Business Loans Mergers Military Lending Act Mortgage Loan Originator Registration (SAFE Act) NCUA - Private Student Loans NCUA Lending Non-Member Services Office Of Foreign Assets Control (OFAC) Privacy Private Mortgage Insurance Private Student Loans Prompt Corrective Action Real Estate Settlement Procedures Reclamations Record Retention-NCUA Records Preservation Program Regulation J-Collection of Checks-Funds Transfers Through Fedwire Remittance Transfers (Regulation E) Reserve Requirements (Regulation D) Right To Financial Privacy Act Security Program-Security Of Member Information Service Members Civil Relief Act Service to the Under-Served Share Insurance Signature Guarantee Programs Small Business Administration (SBA) Loans Social Security Funds Usage SPAM e-MAIL State Chartered Credit Unions Statutory Lien Supervisory Committee Tax Exemption History Telemarketing Truth In Lending - REG Z Truth In Savings Unfair, Deceptive, or Abusive Acts or Practices (UDAAP)

Comp Blog

New - April 4: CUNA Mortgage / Homeowners Flood Insurance Affordability Act / OIG Report on CFPB

By: Danielle Wright

CommentFriday - April 4, 2014

CUNA’s Mortgage Survey

Please tell us by Monday at Noon Eastern how your credit union is handling the requirements of the CFPB's Ability-to-Repay/Qualified Mortgage lending rules.  Click here for the brief survey.

Homeowners Flood Insurance Affordability Act

FEMA's Federal Insurance and Mitigation Administration has issued a memorandum providing an Overview of the Homeowner Flood Insurance Affordability Act of 2014.  Additional information will be posted on FEMA Flood Insurance Reform page on the new law and its impact on the National Flood Insurance Program (NFIP).  Resource links are below.

Memorandum – Overview of the Homeowner Flood Insurance Affordability Act of 2014

FEMA webpage on Flood Insurance Reform

OIG suggests CFPB improve its supervision

The Office of the Inspector General (OIG) for the Federal Reserve System and for the CFPB has issued an Evaluation Report, "The CFPB Can Improve the Efficiency and Effectiveness of Its Supervisory Activities," which uses information in the Bureau's examination database as of July 31, 2013. Key recommendations for the CFPB from the OIG include:

  • create and update relevant policies and procedures
  • track and monitor examination processes for staffing examinations and producing examination products
  • finalize its examiner commissioning program

The report said that more than half of the 82 draft reports submitted by regional exam teams failed to meet Bureau requirements for submission within 30 days of fieldwork completion, and that several exams had been outstanding for more than a year. The OIG reports that CFPB officials have said that measures have been or will be taken to address the suggested improvements.






print

Add Your Comment

close

 

()