Compliance Watch

The CFPB recently announced it has published a “Beginner’s Guide to Accessing and Using Home Mortgage Disclosure Act Data,” a 30-page resource for those interested in using these comprehensive data on the U.S. mortgage market.

Senate Banking, Housing, and Urban Affairs Committee Chairman Sherrod Brown (D-OH) has written to Treasury Secretary Janet Yellen, who oversees the Financial Stability Oversight Council (FSOC), to express concern with the collection and sale of consumer financial data practices.

Question: If a member is tricked into providing debit card information to a 3rd party who then uses it to purchase items, can we deny the claim under Reg E, since the member willingly provided the access information?  Answer: No. To cite the CFPB’s December 2021 guidance...

After eight years as the executive director of Oklahoma Credit Union Association and more than two decades in Oklahoma politics, Nate Webb has announced his retirement, effective June 30.

InfoSight provides compliance information written in simple terms that all credit union staff can easily understand.

OFAC has published seven new FAQs and updated two previously issued FAQs, all relating to its Russian Harmful Foreign Activities Sanctions.

The Federal Trade Commission has posted an article, "Reported crypto scam losses since 2021 top $1 billion, says FTC Data Spotlight," on his Business Blog.

Low-income credit unions that want to apply for Community Development Revolving Loan Fund grants in 2022 have until June 24 to submit their applications.

The Federal Trade Commission has published a notice of proposed rulemaking [87 FR 33677] seeking public comment on proposed amendments to the Telemarketing Sales Rule (TSR).

For years, the CFPB has warned about companies positioned just outside the gates of military bases that target servicemembers with costly loans and expensive contracts for items like cars, furniture, and electronics.