Compliance Blog

Written by Steve Van Beek

This morning we'll just mention a couple short NCUA tidbits from the past week or so.  

Director of NCUA's Office of Consumer Protection.  NCUA announced Gail Laster as the new Director of NCUA's Office of Consumer Protection.  Laster has direct experience in consumer protection regulations - including helping to draft Dodd-Frank.  She will begin her new role on November 19th.  She replaces Kent Buckham who will be retiring at the end of 2012.  For additional details, check out NCUA's announcement or the NAFCU Today.    

***

Matz Town Hall.  The October 4 Town Hall Webinar is now available online.  The archived webinar is available here.   

***

NCUA Report.  The October NCUA Report is also available.  This month's issue covers:

• Board Moves to Lessen Small Credit Union Regulatory Burdens
• Chairman Matz's Corner: Regulatory Modernization Initiative Delivers Results 
• Board Actions:  NCUA Board Advances Regulatory Relief for Credit Unions
• Board Perspectives (Fryzel): Supercalifragilisticexpialidocious
• Director's Report: Office of the Chief Economist
  Macroeconomic Trends Gradually Benefit Credit Union Performance
• Office of Consumer Protection Report: If It Is Too Good To Be True...Then It Could Easily Be A Ponzi Scheme
• Region II Report:  What Credit Unions Should Know About Private Student Loans
• Hyland Leaves NCUA Board After Seven Years of Accomplishments
  
• 623 Federal Credit Unions Opt In For The Low-Income Credit Union Designation

***

NCUA Letter on Call Report Changes.  NCUA also recently announced Letter to Credit Unions 12-CU-12 which highlights changes to the Call Report - including troubled-debt restructuring (TDR) reporting.  Be sure to pass this Letter along to the appropriate person(s) at your credit union.