jtemplate.ru - free templates joomla

A federal credit union may invest in a credit union service organization (CUSO) established solely to act as a corporate trustee on deeds of trust for real estate loans made by another CUSO of the credit union. It also is permissible for a CUSO to form a subsidiary to function as the corporate trustee for its own real estate loans, said a National Credit Union Administration legal opinion letter.  More

The Consumer Financial Protection Bureau (CFPB) launched a new Know Before You Owe project aimed at simplifying credit card agreements so that the prices, risks, and terms are easier for consumers to understand.  The simplified credit card agreement is the third project in CFPB’s Know Before You Owe campaign, which includes efforts to improve the transparency of information about mortgages and student loans.  Read More

The Bureau of Consumer Financial Protection (the CFPB) is requesting specific suggestions from the public for streamlining regulations it recently inherited from other Federal agencies. This document asks the public  to identify provisions of the inherited regulations that the Bureau should make the highest priority for updating, modifying, or eliminating because they are outdated, unduly burdensome, or unnecessary.  Read More

Regulatory compliance requires constant vigilance, and Equal Credit Opportunity Act laws provide a perfect example, Bill Klewin, CUNA Mutual Group's director of regulatory compliance, advises in an online Credit Union Magazine article.  More

The NCUA today issued a rule finalizing the interim final rule issued in June for golden parachute and indemnification payments to institution affiliated parties.  The interim final rule made technical corrections to Part 750 of NCUA’s rules and clarified that post-employment payments pursuant to qualified 457 plans are excluded from the definition of “golden parachute payment.”  The final rule issued today adopted the interim final rule without change.  Read More.

The Jan. 1 mandatory compliance date for the National Credit Union Administration's new share insurance advertising requirements is rapidly approaching, CUNA has reminded credit unions in a recent CompBlog post.  Read More

The Consumer Financial Protection Bureau on Tuesday announced it would accept public input on how to best streamline over one dozen rules that it will soon inherit from seven federal agencies "to make it easier for banks, credit unions and others to follow the rules."  Read More

The Treasury Department's Office of Foreign Assets Control (``OFAC'') removed the name of one of individual, whose property and interests in property were blocked pursuant to Executive Order 12947 of January 25, 1995, Blocking Property and Prohibiting Transactions With Persons Who Threaten to Disrupt the Middle East Peace Process, from the list of Specially Designated Nationals and Blocked Persons (``SDN List'').  More

The Treasury Department's Office of Foreign Assets Control (``OFAC'') is removing from the list of Specially Designated Nationals and Blocked Persons (``SDN List'') the names of 42 entities that are listed pursuant to Executive Order 13566 of February 25, 2011, ``Blocking Property and Prohibiting Certain Transactions Related to Libya.''  Read More

CUNA has welcomed H.R. 3461, which would allow financial institutions to appeal examination reports from federal financial regulators and provide further clarity to those regulators, saying the bill is "recognition that Congress is taking the concerns that we and others have raised regarding examinations seriously."  Read More