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Research & Compliance     

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Compliance

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When technical challenges or complex situations arise at your credit union, turn to the Leagues’ PolicyWorks. Our mission is to provide technical, compliance, operational, economic, and regulatory information in an understandable and easily accessible way.
     
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Compliance Hotline: (844) 731-6072
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From the Editors of CU Weekly

NEW TIPs BULLETINS POSTED FOR 2014
updated 02/11/14 10:00 AM
Also, Register for Matz-Cordray Town Hall
Four new TIPs Bulletins (Technical Information and Procedures) have been posted regarding a legislative summary of California in 2013; integrated mortgage disclosures under the Real Estate Settlement Procedures Act (RESPA); 2014 Internal Revenue Service (IRS) information returns and disclosures; Home Mortgage Disclosure Act (HMDA)/Loan Application Register (LAR) reports; and the annual notice of HMDA asset-size exemption threshold for depository institutions (Regulation C).

TIPs Bulletin 14-05 highlights several California laws taking effect in 2014 that may impact credit unions, including administration, collections, employment, immigration, lending, and other topics of interest.

TIPs Bulletin 14-04 looks at the scope of the Consumer Financial Protection Bureau’s (CFPB) final rule and official interpretation that combine certain disclosures that consumers receive in connection with applying for, and closing, on a mortgage loan under the Truth in Lending Act (Regulation Z) and RESPA (Regulation X).

TIPs Bulletin 14-03 gives crucial information on the Internal Revenue Service’s (IRS) information-return forms, including a link to the actual form, the title, what to report, the amounts to report, the IRS’s due date, and the recipient’s due date.

TIPs Bulletin 14-02 provides insight into HMDA’s requirement on some credit unions to collect data about their housing-related lending activity, and includes the filing deadline for 2013 HMDA data and the HMDA data entry software.

TIPs Bulletin 14-01 examines the CFPB’s final rule amending the official commentary that interprets the requirements of the bureau’s Regulation C (home mortgage disclosure) to reflect a change in the asset-size exemption threshold based on the annual percentage change in the Consumer Price Index for urban wage earners and clerical workers (CPI-W).

'Town Hall' With CFPB’s Richard Cordray
NCUA Board Chairman Debbie Matz will host another free town hall webinar with Richard Cordray, director of the Consumer Financial Protection Bureau (CFPB), on Feb. 12 at 12 p.m. (Pacific).

The webinar is an opportunity for credit union leaders and compliance officials to engage their regulator and get answers to important questions, especially on the CFPB’s new mortgage rules.

Online registration is available by clicking here. Participants will use this same link to log into the webinar, and they should allow pop-ups from this website.

During the webinar, participants can type in questions about any topic related to the credit union industry or the CFPB’s work. Participants can also submit advance questions at WebinarQuestions@ncua.gov. The subject line of the email should read NCUA-CFPB Town Hall.

For technical questions about accessing the webinar, please send an email to audience.support@on24.com.

 
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ACCESS COMPLIANCE BULLETINS TODAY
updated 08/24/15 10:09 AM
Plus: 'NCUA Report' Posted
As a reminder, “TIPS Bulletins” have transitioned to PolicyWorks and will continue as compliance bulletins on the PolicyWorks website.

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POLICYWORKS COMPLIANCE BULLETINS
updated 08/18/15 08:39 AM
And, Integrated Disclosure Q&A Index
The latest PolicyWorks newsletter is now available, providing compliance bulletins, regulatory updates, educational opportunities, and helpful compliance tips. Click here to access the newsletter using your email address and California and Nevada Credit Union League members-only password. California and Nevada credit unions also have access to PolicyWorks compliance support at 844-731-6072 or California and Nevada credit unions also have access to PolicyWorks compliance support at 844-731-6072 or CANV@policyworksllc.com.

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