July 25, 2019

See S. 2155 updates in new NAFCU guide

S. 2155 guideNow available online is an updated guide on efforts to implement the Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155). Updates of note in NAFCU's new guide are related to the Home Mortgage Disclosure Act (HMDA), real estate appraisals, credit reporting and more.

NAFCU's highly used and downloaded guide details credit union-related provisions within S. 2155, including their effective dates, whether implementation has been completed, and other specifics. The new version comes as enrollment is underway for a database to verify an individual's social security number, which the Social Security Administration was directed to create under the law. Read more here.

The new guide also reflects:

The easy-to-read table is available for download. NAFCU has also detailed the implications S. 2155 will have on credit unions in various posts on its NAFCU Compliance Blog.

NAFCU continues to work with policymakers on clarifications regarding S. 2155 compliance.