Webinar: Credit Union Impacts of Senate Bill 2155

Hosted by: Compliance Council

Date: Wednesday, November 7, 2018
Time: 10:00 a.m. - 11:30 a.m. CST

Register

On May 24, 2018, the Economic Growth, Regulatory Relief and Consumer Protection Act (Regulatory Relief Act) was signed into law. The Regulatory Relief Act (also referred to as Senate Bill 2155) provides significant and specific regulatory relief to credit unions. Some relief will be available immediately while other changes will require regulatory changes by the Bureau of Consumer Financial Protection (BCFP) or other federal regulators. This webinar will analyze the impact of the Regulatory Relief Act, specific changes and areas of relief, and what credit unions should expect going forward.

Specifically, this webinar will analyze the new safe harbor category of Qualified Mortgages, new exemption for appraisals in rural areas under certain conditions, changes to the HMDA data collection and reporting requirements for small lenders, escrow requirement changes, and the possible impact of Section 213 on utilizing and retaining IDs obtained when providing online services. Additional areas of focus will be changes to requirements under the Servicemember Civil Relief Act, the Fair Credit Reporting Act, and the Truth in Lending Act.

Highlights

  • Overview of the Regulatory Relief Act’s impact on credit unions
  • Review of changes to non-owner occupied 1- to 4- family dwellings and the National Credit Union Administration’s final rule making corresponding changes to its regulations
  • Clarification on the impact of the Act’s changes to the Home Mortgage Disclosure Act requirements
  • Specific attention to key provisions creating new requirements or opportunities for credit unions

Cost

Compliance Council Members: $25
Non-Compliance Council Members:
(includes 2018 Compliance Council Membership)
$50

Presenter - Steven Van Beek, Howard and Howard Attorneys

Steven Van Beek

Steve Van Beek is an attorney at Howard & Howard Attorneys PLLC where he concentrates his practice in the area of financial regulations.  He has intimate knowledge of the operational issues facing financial institutions and the best practices they can follow to reduce compliance, strategic, and reputation risks. Prior to joining Howard & Howard, he served as the Vice President of Regulatory Compliance at the National Association of Federal Credit Unions (NAFCU). 

He received his Bachelor’s from Hope College and his J.D. from George Mason University School of Law and is a member of the American Bar Association.
  

For questions about this webinar or the council program, please contact Cristina Martinez at cmartinez@cornerstoneleague.coop or 800-442-5762 ext. 6403.