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New on the Compliance Blog: Russian Sanctions, HMDA Thresholds, more
As credit unions work to meet the needs of more than 127 million Americans, NAFCU's award-winning regulatory compliance team continues to keep credit unions informed with new information on the Compliance Blog every Monday, Wednesday, and Friday.
Here's a quick roundup from this week:
HMDA Thresholds Continued: The Partial Exemption: Regulatory Compliance Counsel Nick St. John follows up on a recent blog about the Home Mortgage Disclosure Act (HDMA) and the reporting thresholds found in Regulation C. This blog post covers another set of thresholds in Regulation C – those which determine whether a credit union qualifies for the “partial exemption.”
Russian Sanctions and their Impact on Credit Unions: Regulatory Compliance Counsel Keith Schostag reviews the U.S. sanctions imposed in response to Russia’s recent invasion of Ukraine and their impact on credit unions. Schostag also suggests reviewing the Russian Harmful Foreign Activities Sanctions page and the Ukraine-/Russia-Related Sanctions page for the most up-to-date information, as the details mentioned in the blog may become outdated rapidly.
CFPB Releases Outline of Proposals Governing Automated Valuation Models: Senior Regulatory Compliance Counsel Loran Kilson covers the CFPB’s recently-issued outline of proposals and alternatives aimed at combatting bias and inaccuracy in automated valuation models (AVMs).
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