Links in “Compliance Tips”
- Mortgage Reform: Small Servicers v. Small Creditors
The two are not the same. [6/27]
- “Natural Persons” Guidance for Final Credit Ratings Rule
Although issued after the effective date, considered to be well-organized and full of information that could be of great help to credit unions. [6/26]
- Mortgage Rule Clarification: Who Is a Loan Originator?
Among the revisions to mortgage rules is a change that seeks to clarify qualifications and compensation guidelines to be considered a loan originator so that tellers and admins don't get caught up in that definition. [6/26]
- Best Practices for a Successful Mortgage Hedging Strategy
White paper: With the uncertainty in the mortgage market, CUs need a successful secondary market strategy that embraces change and incorporates flexibility to handle price volatility and servicing released premiums among other issues; experts share their recommendations. [6/25]
- SCRA: Maximum Interest Rate That May Be Charged on Debts Incurred Prior to Military Service
Q&A on some of the most common questions asked about Servicemembers Civil Relief Act. [6/25]
- Getting Enterprise Risk Off the Ground at Your Institution
Lessons from Orville and Wilbur Wright may help enterprise risk management fly at your institution. [6/21]
- Handling CTRs When Lawyer Doesn’t Specify Beneficiary
How to complete the CTR when a deposit is made into an IOLTA account and the lawyer doesn't provide you with beneficiary info. [6/17]
- One-Stop Compliance Assistance
CFPB consolidates all of its implementation material for the new mortgage rules on a new Regulatory Implementation Page; site incldes compliance guides, educational videos, and quick reference guides. [6/14]
- What Does NCUA Really Expect from Your Disaster Recovery Plan?
Not enough to have a thick binder with a software-generated plan; your plan needs to be customized to meet your credit unionâs needs and strategic goals, plus be reviewed, updated and tested on an annual basis. [6/13]
- Lessons from Oklahoma: How Prepared Is Your CU for a Crisis?
9 steps to a proactive plan for handling crises. [6/10]
