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CFPB Minimize Compliance Burdens On Products and Services to Servicemembers |
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The Consumer Financial Protection Bureau's Office of Servicemember Affairs must "minimize compliance burdens on credit unions that provide important and reasonably priced products and services" to servicemembers and their families, CUNA said. Read More |
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OFAC Publishes Additional Designations, Foreign Narcotics Kingpin Designation |
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The U.S. Department of the Treasury's Office of Foreign Assets
Control (``OFAC'') is publishing the names of 5 entities whose property
and interests in property have been blocked pursuant to the Foreign
Narcotics Kingpin Designation Act. Read More |
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Federal Reserve Board Issues Final Rule Under Reg B |
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Federal Reserve Board issues final rule under Regulation B regarding data collection compliance requirements for motor vehicle dealers. Read More |
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SJC Adopts Amendment to Exempt Credit Unions In Compliance |
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The Senate Judiciary Committee adopted an amendment late last week to exempt credit unions and other financial institutions that are in compliance with Gramm-Leach-Bliley notification requirements from the data breach notification provisions of a Senate data security bill. Read More |
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Risks Should be Targeted in Rulemaking - Not Credit Unions |
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Chairman Debbie Matz of the National Credit Union Administration said said Monday that as the agency moves to modernize its regulatory regime, any risks associated with evolving products, services, tools and relationships should be targeted in rulemaking, not credit unions themselves. Read More |
