For credit unions, the Electronic Signatures in Global and National Commerce Act of 2000 means information required to be made available can be delivered electronically, as long as the credit union complies with its requirements.
CUNA’s final rule analysis of the CFPB changes to the TRID rule is now available. The rule, published in the Federal Register this week is effective Oct. 10, with a mandatory compliance date of Oct. 1, 2018.
Since July 1, the 3 nationwide consumer reporting companies began enforcing stricter standards on the public records they collect. developing “enhanced” public record data standards for collection and updating of civil judgments and tax liens.
The CFPB released several new resources relating to HMDA implementation, including updating the preview of its “HMDA Platform” system, an online-only system designed to guide filers through the reporting process and through which they can file.
With privately insured CUs eligible to join the Federal Home Loan Bank program as of July 5, CUNA has developed a final rule analysis detailing the specific application process.
A question was recently posed to CUNA’s compliance staff about the Right to Financial Privacy Act. Specifically, what type of documentation is required from a federal government agency when it requests financial information on a member?