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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The report presents a comprehensive fee comparison on a number of products and services offered by credit unions and banks across California and Nevada—brought to you by InfoSight and the California and Nevada Credit Union Leagues.
There is one report for each state: the California Bank and Credit Union Retails Fees Report, and the Nevada Bank and Credit Union Retails Fees Report.
Guidance on Mortgage Servicing Rules Regarding Fair Debt Collection and Bankruptcy
TIPs Bulletin 13-43 looks at the Consumer Financial Protection Bureau's (CFPB) recently released bulletin and interim final rule to provide greater clarity to the market concerning mortgage servicing rules that take effect this coming January.
The clarifications address communications with family members after a borrower dies, contact with delinquent borrowers, and treatment of consumers who have filed for bankruptcy or invoked certain protections under the Fair Debt Collection Practices Act.
FINCEN ISSUES CDD FAQs
updated 07/25/16 10:52 AM
Plus, HMDA Resources Published
The Financial Crimes Enforcement Network (FinCEN) issued Frequently Asked Questions to help financial institutions, including credit unions, understand the scope of the new Customer Due Diligence (CDD) Requirements that were published in May. The CDD rules became effective on July 11, 2016 with compliance required by May 11, 2018.
CFPB PAYDAY LOANS WEBINAR
updated 07/18/16 02:40 PM
And, CUNA/League Compliance Tools
The Consumer Financial Protection Bureau (CFPB) is hosting a webinar on the recent Notice of Proposed Rulemaking on Payday, Vehicle Title, and Certain High-Cost Installment Loans on July 26.