Expansion of the Military Lending Act to cover a number of open- and closed-end loans may pose serious problems to credit unions that serve a large number of military members, according to CUNA’s compliance staff.
How is the Consumer Financial Protection Bureau interpreting its enforcement authority under the Dodd-Frank Act to prohibit "unfair, deceptive or abusive acts or practices?" What can credit unions learn from the regulator's recent enforcement actions? What are examiners looking for?
With privately insured credit unions that meet certain requirements eligible to join the FHLB program starting July 5, CUNA compliance staff has developed a final rule analysis with an overview of new requirements.