Compliance Watch

Can you ever be too prepared? Has there ever been a time that you wished you didn’t have to have a back-up plan?

The following RISK Alerts were added to the Resources area during the month of August...

The CFPB has scheduled for publication on Sept. 1, a withdrawal of its April 2021 proposal to delay the Nov. 30 2021...

The OCC, FRB, FDIC, NCUA and state regulators issued a joint statement recently stating that they recognize the serious impact of Hurricane Ida on the customers and operations of many financial institutions and will provide appropriate regulatory assistance to affected institutions subject to their supervision.

Both Fannie Mae and Freddie Mac have updated their uniform legal instruments—security instruments, notes, riders and addenda, and special-purpose documents—used for loans delivered to them.

The CFPB’s “Payday, Vehicle Title, and Certain High-Cost Installment Loans” rule has been held up by a federal court case in Texas.

Just a reminder that NASCUS is offering a series of webinars that covers the many ways NASCUS members can reap the most of their memberships.

Over the next few weeks leading up the effective date of September 1 for many bills, we will be publishing summaries in the newsletter from the last legislative session.

Credit Unions are encouraged to revisit the Department’s website at www.cud.texas.gov when needing forms for applications of bylaw changes, FOM applications, charter applications, mergers and notice and disclosure forms.

NCUA issued a regulatory alert warning, credit unions should review and understand a June 30 rule temporarily amending certain mortgage servicing requirements under the Consumer Financial Protection Bureau’s (CFPB) Regulation X.