news.cuna.org/articles/115583-compliance-checklist-consolidates-final-rules-regs-from-2018

Compliance: Checklist consolidates final rules, regs from 2018

February 19, 2019

CUNA’s 2018 Year-in-Review Checklist was released last week to consolidate resources and information available on the finalized rules and regulations that occurred during calendar year 2018

Compliance staff designed the checklist to assist credit unions in updating necessary policies and procedures.

The checklist includes:

  • The Consumer Financial Protection Bureau’s (CFPB) pre-paid accounts rule;
  • Amendments to the Truth in Lending Act-Real Estate Settlement Procedures (TILA-RESPA) rule;
  • NCUA’s share insurance advertising requirements;
  • Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155) changes to:
    • Qualified Mortgages;
    • Certain appraisal exemptions;
    • Exemptions from Home Mortgage Disclosure Act;
    • Certain escrow exemptions;
    • Member identification;
    • Veterans’ credit reporting;
    • Reporting suspected senior financial exploitation;
    • Refinancing mortgages insured by the Department of Veterans Affairs;
    • Protections under the Servicemembers Civil Service Relief Act;
    • Private student loans;
  • CFPB exceptions to privacy notice requirements;
  • Capital planning and stress testing;
  • Regulation CC (which implements the Expedited Funds Availability Act);
  • Community charters/field-of-membership;
  • Voluntary mergers; and
  • Amendments to Regulation J.

In addition to the CompBlogCUNA’s Compliance Community contains discussion boards and a number of other resources for credit union compliance professionals around the country.