Compliance Blog

Written by Bernadette Clair

We have been blogging a lot recently on the CFPB’s mortgage proposals. Going into the holiday weekend we thought we would keep it light and highlight a few resources:

NCUA Economic Videos.  Last week, NCUA released its August economic update on YouTube.  There are three separate segments.  In the first, NCUA Chief Economist John Worth reviews current economic trends and their impact on the national economy. The second segment discusses the recently released 2012 Annual Report of the Financial Stability Oversight Committee (FSOC). The final segment features an analysis of how anticipated future Stabilization Fund assessments for credit unions compare to anticipated Deposit Insurance Fund assessments by the Federal Deposit Insurance Corporation.

NCUA Central Liquidity Facility and LICU Webinars.  NCUA also posted its recent webinars reviewing changes in the Central Liquidity Facility (CLF), the proposed rule on emergency liquidity, and the Low-Income Credit Union (LICU) eligibility initiative.

****

September Compliance Monitor.  The September 2012 Compliance Monitor is now available for NAFCU members.  This month's three feature articles discuss: NCUA’s guidance on multi-featured open-end lending, the CFPB’s public enforcement action against Capital One Bank’s marketing of credit card “add-on products” and NCUA’s Interest Rate Risk Policy and Program FAQs.

NAFCU Members: If you'd like to receive an email each month when the Compliance Monitor is available, simply email us at compliance@nafcu.org and we'll get you added to the email subscription list.   

Programming Note:  NAFCU's offices will be closed on Monday for the Federal Holiday.  We'll be back blogging on Tuesday.  Have a great long weekend!