Compliance Watch

The Consumer Financial Protection Bureau and the Federal Housing Finance Agency have published updated loan-level data for public use collected through the National Survey of Mortgage Originations (NSMO).

According to the latest financial performance data released by the National Credit Union Administration, total loans outstanding in federally insured credit unions increased $235 billion, or 19.2%, over the year ending in the third quarter of 2022, to $1.46 trillion.

When the weather outside is frightful, the peace of mind that comes with having RecoveryPro is priceless.

Is the CECL implementation still scheduled for next year?

On Sept. 23, 2022, the United States District Court for the District of Columbia issued an order vacating the 2020 Home Mortgage Disclosure Act (HMDA) Final Rule as to the loan volume reporting threshold for closed-end mortgage loans.

By notation vote, the National Credit Union Administration board approved moving management and oversight of Asset Management and Assistance Center (AMAC) activities from the Southern Region to an independent office led by the president of AMAC.

Nacha's Payments Innovation Alliance has created a new resource aimed at financial institutions, billers and payments processors.

Regulatory compliance is always changing, and keeping up can be tough.

With NCUA’s advisory this past week, are we no longer able to hold our annual meetings virtually?

We have received many questions about the new accounting standard, Current Expected Credit Loss methodology for estimating the allowance for credit losses, which becomes effective after Dec. 15, 2022.