Compliance

LAS VEGAS – The Consumer Financial Protection Bureau’s mission – to protect consumers – is a “great one,” but Michael Benoit says the “problem” is the manner in which the CFPB is carrying out its business.

SACRAMENTO, Calif. – The California Department of Financial Institutions has issued an advisory prohibiting state charters from using phrases such as “anyone can join” in their advertising.

WASHINGTON – While supportive of the proposal, CUNA is calling on NCUA to make some tweaks to proposed changes to its fixed-asset rule.

Banks and CUs have finally found common ground-both loathe the Consumer Financial Protection Bureau.

The timing couldn’t be better for the new advisory board of the Payment Card Industry Security Standards Council to include several European voices.

WASHINGTON – A prohibition on mandatory arbitration provisions in certain mortgage loans is now just two weeks away.

ARLINGTON, Va. – NAFCU is pressing NCUA to make some changes in a proposed set of rules on federal credit union ownership of fixed assets.

ARLINGTON, Va. – As a result of the new Qualified Mortgage (QM) rule from the Consumer Financial Protection Bureau, nearly half (44%) of credit unions in a survey conducted by NAFCU indicated they will cease originations of non-qualified mortgages, while another 44% will reduce originations.

It is not your imagination; credit unions ARE spending more and more time dealing with new regulations.

CHEYENNE, Wyo. – WyHy Federal Credit Union has signed with NeighborBench for cloud-based compliance services.