FFIEC announces availability of 2017 data on mortgage lending

The Federal Financial Institutions Examination Council (FFIEC) recently announced the availability of data on mortgage lending transactions at 5,852 U.S. financial institutions covered by the Home Mortgage Disclosure Act (HMDA). Covered institutions include banks, savings associations, credit unions, and mortgage companies. Released this week are loan-level HMDA data that cover 2017 lending activity submitted by […]

NCUA Board revises 2018 meeting schedule

The National Credit Union Administration Board has revised its 2018 meeting schedule. The open meeting, originally scheduled for July 26, has been moved to Aug. 2. All open board meetings are scheduled to begin at 10 a.m. ET. The revised meeting schedule is as follows: May 24 June 21 No July Meeting Aug. 2 Sept. […]

InfoSight Spotlight: Security Programs

According to the InfoSight Compliance e-newsletter, Part 748 of the NCUA Rules and Regulations requires that each federally-insured credit union develop a comprehensive written security program (including administrative, technical, and physical safeguards appropriate to their size, complexity, and the nature and scope of their operations). Does your credit union utilize Social Media?  Do you do […]

NCUA finalized a new rule on advertising

NCUA has published a new rule that provides more flexibility for credit union advertising and puts credit union advertising in balance with bank requirements. The primary changes to the rule are as follows: The new rule allows a fourth statement to be used as NCUA’s official advertising statement which reads, “Insured by NCUA.” The rule […]

May compliance meeting planned in Pensacola

A Regulatory Roundtable is planned for May 3 in Pensacola, FL, to discuss compliance issues pertinent to your credit union. Mike Lee, LSCU Director of Regulatory Advocacy, will direct the meeting, which begins at 9 a.m. at Members First Credit Union of Florida, 64 S. Reus Street, Pensacola, FL 32502. Topics on the agenda for […]

CUNA offers webinar series on Regulation Z

Regulation Z, which implements the Truth in Lending Act, is one of the more complex regulations impacting a wide-range of lending products, services and procedures within credit unions. CUNA compliance staff often hear from experienced compliance professionals wanting a more in-depth analysis of the various sections of the regulation. In response to these frequent requests […]