Compliance Blog

Written by Steve Van Beek

NAFCU Mortgage Reform Webcast Series.  We are happy to announce that we are planning a full slate of mortgage-related webcasts for 2013.  The first one is already set and ready to go:  

• The CFPB's Final Mortgage Regulations - Wednesday, February 13th at 2:00 - 3:30 p.m. EST

Speaking will be legendary credit union attorney Andy Keeney from Kaufman & Canoles.  

Following that are these (subject to tweaks, of course, based on the details of the final rules):

• CFPB Compliance Update by NAFCU's Compliance Team - March 27th

• The New Regulations that Apply to HELOCs - April 10th

• Mortgage Periodic Statements - April 17th

• Consumer Information Requests & Error Resolution Procedures - May 15th

• CFPB's Ability to Repay/Qualified Mortgage Rule - June 5th

• Mortgage Loan Origination - August 21st 

• CFPB Compliance Update by NAFCU's Compliance Team - November 6th

There may be others that are added as well.  The full listing is available here.

Best Value:  Sign up for NAFCU's 2013 Unlimited Webcast Subscription (pricing info here) and you'll receive access to all of NAFCU's 2013 webcasts - including the Mortgage Reform Series.   

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January NCUA Report.  The latest issue of the NCUA Report is available.  This issue includes the following articles that might be helpful:

• Office of Examination and Insurance Report: Capacity, Clarity and Consistency Guide NCUA Exams in 2013
• Credit Union Membership Growth Accelerates
• Region V Report: Strong Board Leadership is Essential for Successful Credit Unions
• Office of Consumer Protection Report: CFPB Extends Implementation of Remittance Rule
• Office of Small Credit Union Initiatives Report: NCUA To Address Succession Planning for Small Credit Unions

The one that really jumped out at me is the Strong Board Leadership article.  Well, that and the article on NCUA's Exam Focus for 2013.  Both might be good ones to pass along at your credit union.  

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NAFCU's Upcoming Conferences.  Speaking of Strong Board Leadership, make sure your Board is aware of the educational opportunities at NAFCU's Board of Directors and Supervisory Committee conference (May 15-17 in Asheville, NC) and NAFCU's Annual Conference & Solutions Expo (July 9-13 in Boston, MA).  

Bonus (we can use "bonus" without additional disclosures as we are not a credit union!):  The same promo code that we mentioned last week - NEWYEAR - will work for Board of Directors Conference and Annual Conference.  Just be sure to Register by January 31st using the NEWYEAR promo code and you'll Save $100 (in addition to the early-bird rate)!