Dodd on Reform; NCUA Board Meeting; FinCEN Mortgage Fraud Update
Posted by Anthony Demangone
Today, Senator Dodd (D-Conn.) will release a draft financial industry regulatory reform bill. Here's a link to a NAFCU Today article that discusses this a bit. Â NAFCU, of course, had been monitoring the development and we'll review Senator Dodd's bill closely today once it is out. Â Any reg reform bill has the potential to negatively affect credit unions. Â Its passage, though is no "slam dunk." Â So, be on the look-out for his bill, and stay tuned for additional details.
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NCUA has released the agenda for its March Board meeting.Â
- Proposed Rule â Parts 701, 723 and 742 of NCUAâÂÂs Rules and Regulations, Regulatory Flexibility Program.
- Proposed Rule â Parts 701, 708a and 708b of NCUAâÂÂs Rules and Regulations, Fiduciary Duties at Federal Credit Unions; Mergers and Conversions of Insured Credit Unions.
- NCUA Strategic Plan 2010-2015 for 60-day Public Comment.
- Insurance Fund Report.
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FinCEN issues a mortgage loan fraud update, centering on foreclosure rescue scam techniques. It analyzes SAR reports concerning foreclosure scams. Â The info might be useful to review if your credit union does mortgage lending, as such scams could affect your members.Â