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Research & Compliance     

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Compliance

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From the Editors of CU Weekly

RESIDENTIAL MORTGAGE REPORT DUE
updated 03/17/14 04:40 PM
Also, SEC Initiative and Fed Webinar
The California Department of Business Oversight (DBO) recently issued a notice to California licensed credit unions regarding loan reports, while the Securities and Exchange Commission (SEC) announced a new adviser initiative. Additionally, the Federal Reserve is holding a webinar to help credit unions improve their compliance programs.

Residential Mortgage Loan Report
In accordance with Section 7119 of Title 21 of the California Code of Regulations, the Residential Mortgage Loan Report is due March 31 for all residential mortgage lenders that are not reporting to a federal or state regulatory agency as provided by the Home Mortgage Disclosure Act of 1975.

Click here for the notice from the DBO, the Holden Act Report, and other information.

Securities and Exchange Commission Initiative
For credit unions that have SEC-registered investment advisers, the agency has announced that its Office of Compliance Inspections and Examinations (OCIE) is launching an initiative directed at investment advisers that have never been examined—focusing on those that have been registered with the SEC for three or more years.

These examinations will concentrate on the advisers' compliance programs, filings and disclosure, marketing, portfolio management, and safekeeping of client assets.

Click here for more information.

Federal Reserve Outlook Live Webinar
The Federal Reserve Board of Governors is hosting free webinar titled Consumer Compliance Management Program—Common Concerns and Best Practices on April 10 from 11 a.m.–12 p.m. (Pacific).

During the webinar, the Fed will:

  • Discuss how a financial institution can implement and maintain an effective consumer compliance management program
  • Address common concerns
  • Share best practices
  • Highlight various components of a successful compliance program

For more information and to register, click here.

 
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LATEST POLICYWORKS NEWSLETTER
updated 08/04/15 09:18 AM
Free ComplySight Webinars
As a part of your League member benefits, PolicyWorks provides the latest compliance bulletins (formerly TIPs bulletins), educational opportunities, and helpful tips via the PolicyWorks Newsletter.
Click here to access the most recent PolicyWorks Newsletter using your email address and League members-only password.

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NEW SPANISH TILA-RESPA TOOLKIT
updated 07/28/15 09:18 AM
Plus, Unclaimed Property Seminar
The Consumer Financial Protection Bureau (CFPB) has released a Spanish edition of “Your Home Loan Toolkit,” the consumer guide that is designed to replace the current Settlement Cost booklet when the TILA-RESPA Integrated Disclosures rule goes into effect on Oct. 3.

Click to view the complete story

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