No. The GPS is available for purchase by NAFCU member credit unions, nonmember credit unions and any individual or organization that is interested. However, NAFCU members do receive discounted pricing.
The latest version of the GPS is the 2014 NAFCU Credit Union Compliance GPS, released in March 2014.
The 2014 version includes over 100 new pages of content with an expanded section on Regulation E and the CFPB’s Remittance Transfer Rule, plus seven new sections on the mortgage rules, including qualified mortgages and the ability-to-repay.
The GPS is only provided free of charge for attendees of our Regulatory Compliance School in March. We don't currently have plans to provide the 2014 GPS to Seminar attendees, but if we do, we would provide a refund to anyone who purchased the 2014 GPS.
Yes. The GPS is downloaded as a PDF document and it is easily searchable (use “CTRL + F” to search by keyword). In addition, the GPS includes bookmarks to help you navigate from chapter to chapter, from section to section and within a section.
No. Only one GPS is needed per credit union or organization. The GPS can be freely shared among all staff. We do ask that you not share the GPS with other credit unions or third-parties.
The GPS is currently set up to be updated on an annual basis. If your credit union buys the 2014 GPS, you will receive any mid-year updates – if they occur – for free.