updated 05/07/13 06:08 AM
CFPB POSTS 'PLAIN LANGUAGE' GUIDES
Also, COPPA FAQs and New TIPs
The Consumer Financial Protection Bureau (CFPB) has published three small-entity compliance "plain language" guides on the 2013 Home Ownership and Equity Protection Act (HOEPA) rule, Equal Credit Opportunity Act (ECOA) Valuations Rule, and Truth In Lending (TILA) Higher-Priced Mortgage Loans (HPML) Appraisal Rule.
Click here to view the 2013 HOEPA Rule guide.
Click here to view the ECOA Valuations Rule guide.
Click here to view the TILA HPML Appraisal Rule guide.
Updated FAQs on COPPA
The Federal Trade Commission (FTC) has issued an updated set of frequently asked questions designed to help website operators, mobile application developers, plug-ins and advertising networks operating on child-directed websites and online services prepare for upcoming changes to the Children’s Online Privacy Protection Rule (COPPA).
The document, Complying With COPPA: Frequently Asked Questions, contains information directed to websites and online services whose work online may involve the collection of personal information from children under age 13. The document provides guidance from the FTC staff that supplements the rules and other COPPA-related material previously published by the FTC.
The FTC finalized amendments to the COPPA rule last December, and they will go into effect on July 1 of this year. The process to review the rule was begun in 2010 with the intent to modernize the rule and ensure that children’s privacy protections kept up with evolving technology and changes in the way children use and access the Internet, including the increased use of mobile devices and social networking.
New TIPs Bulletins
Don’t forget: the California and Nevada Credit Union Leagues are continually posting TIPs Bulletins on the Leagues' Research and Compliance webpage to help credit union CEOs and compliance officers navigate the regulatory arena!
The following are the most recently published TIPs Bulletins, out of several others posted:
  • TIPs Bulletin 13-26 provides details regarding the prohibition on mandatory arbitration clauses and single premium credit insurance (Regulation Z).
  • TIPs Bulletin 13-27 gives information on the IRS Form 990 filing deadline.
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