School Tackles Compliance Hot Topics

Reg Z, Bank Secrecy Act, and CFPB/NCUA priorities top agenda at CUNA’s Regulatory Compliance School.

September 21, 2015

Kristen Tatlock

Credit union compliance staff sometimes forget that Regulation Z doesn’t apply only to mortgages, said Kristen Tatlock, vice president of COMPASS 4 CUs LLC.

Tatlock discussed topics such as open-end vs. closed-end lending, billing error resolution, credit card issues, disclosures, and student loans.

Jennifer Stockett

Jennifer Stockett, CFPB’s senior advisor, financial institutions and business liaison, external affairs, engaged with CUNA Regulatory Compliance School attendees Monday about the bureau’s priorities.

Stockett encouraged attendees to provide comments to the agency throughout the rule development process.

“We really want to hear from you. I can’t emphasize that enough,” Stockett said.

Jeffery Noe

Attending events such as CUNA’s Regulatory Compliance School is crucial to staying on top of compliance issues affecting credit unions, said Jeffery Noe, NCUA’s supervisory examiner.

He said hot topics at NCUA include field-of-membership rules, risk-based capital, interest on lawyers trust accounts, fair lending exams, and CFPB rulemaking regarding credit unions.

Jared Ihrig

CUNA is tracking a long list of compliance challenges from a variety of Washington agencies, said Jared Ihrig, the organization’s chief compliance officer.

That long list includes the Bank Secrecy Act, Telephone Consumer Protection Act, Military Lending Act, and overtime pay rules.


Kristina Grebener, CUNA’s vice president of market research and consumer education, discusses the CUNA Environmental Scan, a strategic planning tool.

Grebener notes that credit unions should plan for an improving economy, changing U.S. demographics, and accelerating changes in banking technology.