Checklists; HMDA Guide; Whoops
Posted by Anthony Demangone
A reader asked if we'd be willing to create checklists to help you comply with new rules and regulations. Â I really don't like checklists, because I fear people gravitate to them instead of reading regulations closely to come up with their own compliance plan. Â But when a regulator gives you a checklist, then by all means - take advantage.
NCUA has a master list of "checklists," better known as the Automated Integrated Regulatory Examination Software, or AIRES. Â Access the AIRES webpage here, which contains a link to the questionnaires. Â Examiners will use the lists when they examine your credit union. Â Ergo, you should use the lists before they examine your credit union.
Here are some other lists:
- NCUA's Consumer Compliance Self-Assessment Guide.   Warning - they may not be completely up-to-date on the recently changed Regs, such as Reg Z.
- The OCC's Consumer Compliance Handbook.   This goes into greater detail than NCUA's handbook, but not all sections will apply to federal credit unions.  But I still think it is useful.
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The FFIEC has updated its HMDA Getting it Right! Guide.Â
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In a word...whoops.  Yesterday, I supplied the wrong link for the podcast.  Unlike many errors, that one was easy to correct.  Here's the correct link for the most recent edition of the  "current issues in credit unions" podcast. Â