Compliance Outlook; Compliance Monitor; Overdraft Suits; NAFCU Webcast
Written by Steve Van Beek
We'll keep this one short and sweet heading into the 4th. Â
Consumer Compliance Outlook. Â The Federal Reserve's 2nd Quarter Consumer Compliance Outlook is now available. Â The full PDF is here. Â We'll look at a couple of the articles in more depth in future blog posts. Â If you haven't signed-up for these free publications (and occasional webinars), it might be a good idea.
I'm glad the Federal Reserve continued this publication after it lost regulatory authority to the CFPB. Â Now, if only the CFPB would provide a resource that helps regulated entities - including credit unions - comply with their ever-changing regulations..............I guess we'll need to add that to our "Dear Santa CFPB" letter later this year.
NAFCU's July Compliance Monitor. Â Our July 2012 Compliance Monitor is available for download by NAFCU members. Â This month's articles focus on NCUA's TDR regulation and making the most of compliance resources. Â Â Â
Overdraft Suits. Â Just another item to keep on your radar is the increasing number of overdraft-related lawsuits filed in recent weeks against financial institutions - including, unfortunately, suits filed againstÂ credit unions. Â Additionally, keep in mind the CFPB has an inquiry into overdraft practices - including transaction ordering. Â
NAFCU Compliance Webcast. Â Don't forget that Thursday, July 5th is the deadline to save $100 on NAFCU's July 11 Regulatory Update featuring NAFCU's Carrie Hunt and I. Â Â Â Â
We'll be back blogging on Thursday - have a great 4th of July! Â