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Sep 11, 2020

Final Real Estate Appraisals Rule, BSA Exemption, on NCUA’s Sep. 17 Meeting Agenda

The National Credit Union Administration (NCUA) Board meet next week and are set to issue a final rule related to real estate appraisals and an exemption under the Bank Secrecy Act’s (BSA) customer identification program (CIP).  The complete agenda includes:  Board Briefing, Share Insurance Fund Quarterly Report.  Board Briefing, Modern Examination and Risk Identification…

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Sep 9, 2020

Network with Your Credit Union Colleagues at Small CU Collaborate

What ideas do you have for your credit union? Do you want to know how others face similar challenges? Are you simply wanting to connect…

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Aug 26, 2020

CFPB Requests Information on the Impact of the Card Act Regulations

The Consumer Financial Protection Bureau (CFPB) issued a request for information (RFI) as part of its work in assessing the impact of the rules that implement the Credit…

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Aug 26, 2020

CrossState, CUNA, and State Leagues Respond to FHFA; FHFA Delays Adverse Market Fee

CrossState joined CUNA and other state leagues on a letter to the Federal Housing Finance Agency in response to a recently announced fee increases for certain refinanced…

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Aug 25, 2020

CFPB Issues 2021 HMDA Resources

The Consumer Financial Protection Burau (CFPB) has made available the following resources for 2021 Home Mortgage Disclosure Act (HMDA) filing: Filing Instructions Guide (FIG) for HMDA data…

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Aug 25, 2020

FinCEN Issues Statement on Enforcement of Bank Secrecy Act

The Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a statement setting forth its approach to enforcing the rules and regulations within the Bank Secrecy Act (BSA). According to…

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Aug 25, 2020

CFPB Settles with Third Mortgage Company on Deceptive Loan Ads to Servicemembers, Veterans

The Consumer Financial Protection Bureau (CFPB) announced that it issued a consent order against Go Direct Lenders, Inc. (Go Direct), a California corporation that is licensed as…

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Aug 21, 2020

CrossState’s Virtual BSA Training Available for Staff and Volunteers

If an examiner asked your credit union staff about money laundering prevention procedures, could they properly explain the “how” and “why” of their Bank Secrecy Act (BSA) responsibilities?…

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Aug 19, 2020

NCUA and CFPB Issues Payday Lending Rule Guidance and FAQs

On July 22, 2020, the Consumer Financial Protection Bureau (CFPB) issued a final rule amending parts of the Payday, Vehicle Title, and Certain High-Cost Installment Loans Rule,…

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Aug 18, 2020

NCUA Issues Regulatory Alert on CFPB’s Amendments to Payday, Vehicle Title, and Certain High-Cost Installment Loans Rule

The National Credit Union Administration (NCUA) issued a regulatory alert, 20-RA-07 regarding the final rule that the Consumer Financial Protection Bureau (CFPB) issued on July 22, 2020 amending parts…

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