February 13, 2014

Bahhur talks Compliance School in CUInsight

Feb. 14, 2014 - NAFCU Director of Compliance JiJi Bahhur discussed the importance of staying up to date on compliance issues in a CUInsighteditorial, and described the in-depth sessions planned for the association's Regulatory Compliance School in National Harbor, Md., next month.

"The agencies, such as the Consumer Financial Protection Bureau (CFPB), have been very busy this year, and because of that, there are a lot of new changes and updates to cover at School," Bahhur wrote.

Bahhur noted a revamp of NAFCU's Credit Union Compliance GPS resource to include the above-noted updates, including the CFPB's new mortgage rules. This year's program also includes an entire day – Regulatory Update Day – focusing on the most recent changes ahead for credit unions.

Regulatory Update Day will focus on the following:

  • unfair, deceptive, or abusive acts or practices;
  • recent news from NCUA and the CFPB – and what to expect from them next;
  • the Truth in Lending and Real Estate Settlement Procedures Acts; and
  • a "Post-Mortem Panel" on the CFPB's new mortgage rules, including qualified mortgage and ability-to-repay rules.

Bahhur will be speaking at the conference, as well as NAFCU Director of Regulatory Affairs Michael Coleman and Regulatory Affairs Counsel Angela Meyster, and Steve Van Beek from Howard & Howard Attorneys PLLC, who previously served as NAFCU's vice president of regulatory compliance.

Bahhur also noted that a discounted hotel rate for the conference - which will take place at Gaylord National Hotel & Convention Center, March 10-15 - is available until the end of today for those who have yet to sign up.