A resource for credit unions in CA & NV, providing credit union financial and economic trend analysis, brought to you by your Leagues in partnership with CUNA & Affiliates.
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|March 25, 2015|
|TIPs Bulletin #15-06||Foreign Language Translation Forms Revisions|
|TIPs Bulletin #15-05||NCUA Issues Warning to Consumers about “National Credit Union” Phishing Scam|
|January 28, 2015|
|TIPs Bulletin #15-04||2014 Residential Mortgage Loan Report|
|TIPs Bulletin #15-03||HMDA/LAR Reports|
|January 16, 2015|
|TIPs Bulletin #15-02||2015 Information Returns and Disclosures|
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These updates offer financial institutions and other industry participants valuable guidance on how the bureau will conduct examinations for compliance with the Truth in Lending Act (TILA) and Real Estate Settlement Procedures Act (RESPA).
The updates incorporate the first set of interim TILA exam procedures from June. The CFPB Examination Manual now contains updated interim exam procedures for RESPA, covering final rules issued by the CFPB through July 10, 2013; updated interim exam procedures for TILA, covering final rules issued by the CFPB through May 29, 2013; and the previously issued interim exam procedures for the Equal Credit Opportunity Act (ECOA), covering final rules issued by the CFPB through January 18, 2013.
1Q CU PERFORMANCE REPORTS AVAILABLE
updated 06/30/15 08:42 AM
Plus, Compliance Hotline
The first-quarter 2015 Credit Union Quarterly Performance Reports for California and Nevada are now available from the California and Nevada Credit Union Leagues.
NCUA: FLOOD INSURANCE RULE
updated 06/23/15 10:12 AM
Also, Overdrafts Still Regulatory Priority
Five federal regulatory agencies including the National Credit Union Administration (NCUA), have approved a final rule that modifies the Homeowner Flood Insurance Affordability Act of 2014 (HFIAA). The final rule applies to loans secured by properties located in special flood hazard areas and implements provisions related to the escrowing of flood insurance payments and the exemption of some detached structures from the mandatory flood insurance purchase requirement. The final rule also implements provisions in the Biggert-Waters Flood Insurance Reform Act of 2012 (the Biggert-Waters Act) relating to the force placement of flood insurance.