NCUA Chairman Rodney Hood wrote a letter to credit unions last week asking credit unions of all sizes, particularly those with 100 or more employees, to complete NCUA's Voluntary Credit Union Diversity Self-Assessment annually.
CUNA announced CUNA Compliance Management System™ Thursday, designed to transform credit union compliance. CUNA will be testing the solution delivery with a limited number of credit unions through 2019, with national availability coming in 2020.
The CFPB and other agencies have announced thresholds for certain regulations for 2020. This includes for higher-priced mortgage loans made during calendar year 2020 and Regulations Z and M for consumer credit and lease transactions.
The CFPB's next symposium will examine a Dodd-Frank Act section that amends the Equal Credit Opportunity Act, providing perspectives on the upcoming implementation of Section 1071. It will take place Nov. 6.
CUNA has announced the completion of beta testing a new, comprehensive compliance solution for credit unions that will leverage technology and include features identified by credit unions as fundamental to reducing the compliance burden.
The CFPB has published four frequently asked questions about the Secure and Fair Enforcement for Mortgage Licensing Act , and the amendments made by enactment of S. 2155, amendments effective as of Nov. 24.