regulatory alert

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Alert reminds of threshold for collecting HMDA data

(Feb. 4, 2022) A reminder that federally insured credit unions must comply with rules governing disclosure in mortgage loans, particularly those meeting four criteria, is outlined by NCUA in a...

Alert notes increasing Reg Z, M thresholds, Reg V fees

(Jan. 7, 2022) A regulatory alert calling attention to threshold and fee adjustments – which are increasing for the new year — under truth in lending, consumer leasing and fair...

Alert reminds: Reg Z threshold adjustments take effect Jan. 1

(Dec. 3, 2021) A regulatory alert on Truth in Lending (Regulation Z) annual threshold adjustments for various loans – which take effect Jan. 1 — was issued this week by...

CUs on notice: start submitting card data to CFPB

(Oct. 1, 2021) Credit unions may begin submitting data on credit card agreements with their members, and applying data submission requirements, to the CFPB’s website for collecting credit card information,...

3 key summaries take on latest NCUA issuances

(Aug. 20, 2021) Summaries of three recent issuances from NCUA – on capitalizing loans, the rollout of the new examination tool, and on mortgage servicing rules – were published by...

Alert urges review of mortgage servicing rules

(July 30, 2021) Credit unions should review a June 30 rule temporarily amending certain mortgage servicing requirements under the Consumer Financial Protection Bureau’s (CFPB) Regulation X to assist borrowers affected...

Alert aims to clarify impact of Reg B interpretive rule

(June 4, 2021) Credit unions should ensure their policies, procedures, and training materials promote compliance with federal equal credit opportunity laws, and Regulation B administered by the CFPB, in line...

Alert explains requirements for HPML escrow exemptions

(March 12, 2021) Requirements for exemptions for some credit unions from establishing escrow accounts for certain high-priced mortgage loans (HPMLs) are outlined in a “regulatory alert” sent Wednesday from NCUA....

Summary outlines HMDA data collection alert

(March 5, 2021) A “regulatory alert” outlining Home Mortgage Disclosure Act (HMDA) data collection is outlined by NASCUS in one of the latest summaries to be posted by the association....

March 1 HMDA filing date coming up

(Feb. 12, 2021) Credit unions required to file reports on home mortgage loan applications made last year have until March 1 to do so, NCUA reminded this week in a...

Reg Alert details CFPB thresholds for Regs C, Z, V

(Feb. 5, 2021) A regulatory alert focusing on 2021 threshold adjustments published by CFPB for Regulations C, Z and V was issued this week by NCUA, noting that all three...

Summaries look at latest letters to CUs, alert from agency

(Jan. 29, 2021) NASCUS summaries of recent NCUA letters to credit unions – and a summary of a regulatory alert issued by the agency – are among the latest to...