Grab Bag
Posted by Anthony Demangone
Please let me pause our Regulation Z discussion to touch upon some things that have been bouncing around my in-box. I understand how important Reg Z is, but other things continue to happen.
- HUD has updated its RESPA FAQs again.
- The FTC settled charges against an apparel company for alleged violations of COPPA. You don't see these very often, so the settlement serves as a nice reminder that COPPA is alive and well. And yes, it applies to credit unions. The announcement also provides background information on COPPA.
- Earlier this month, the Fed announced its annual adjustments to the Regulation D reserve tranches. I like this update each year, because it is the only time get to use the word tranche.
- NCUA issued Letter to Credit Unions 09-CU-21to remind credit unions about how to properly use the NCUA official sign. This would be a good piece of guidance to share with marketing.
-
HOEPA's higher-priced mortgage loans will affect HMDA reporting. The OTS has updated its exam procedures, and they do a great job of highlighting these changes.
-
The free go-to-webinar that will discuss our on-line training program will take place next Tuesday from 1 until 2 p.m. EST. I had the wrong time in yesterday's blog posting. Register here.
***
The Saturday after our Regulatory Compliance Seminar, I had the pleasure of watching Penn State play Michigan with my colleague, Steve. Steve is a big Michigan fan, and I went to Penn State.  I didn't watch all of it, as I was distracted by a couple of brand new Penn State fans who joined us to watch the game. Kate was so excited to wear her Penn State shirt that she couldn't sit still for the photo.
