Bureau Issues ANPR on Consumer Access to Financial Records
The Bureau of Consumer Financial Protection (Bureau) has issued an advance notice of proposed rulemaking (ANPR) requesting information related to consumer access to financial records.
CUNA Updates MLA Card Fee Spreadsheet for Q3
CUNA updated its Military Lending Act (MLA) credit card fee spreadsheet for the third quarter of 2020.
HMDA Reference Tool Available
The Consumer Financial Protection Bureau (Bureau) published a reference tool for data points required to be collected, recorded and reported under Regulation C.
Minnesota Credit Union Network Comments on CECL Proposal
The Minnesota Credit Union Network, with input from the Regulatory Review Committee, submitted comments to the National Credit Union Administration (NCUA) on it proposed process for transitioning to Current Expected Loss CECL methodology.
Bureau Extends Expiration Date for GSE Qualified Mortgage Loans
On October 20 (yesterday), the Consumer Financial Protection Bureau (Bureau) issued a final rule extending the Government-Sponsored Enterprise (GSE) Patch until the mandatory compliance date of a final rule amending the General Qualified Mortgage (QM) loan definition in Regulation Z.
FinCEN Issues Advisory on Unemployment Insurance Fraud
The Financial Crimes Enforcement Network (FinCEN) issued an Advisory on Unemployment Insurance Fraud During the Coronavirus Disease 2019 (COVID-19) Pandemic.
PolicyWorks Adds Marijuana Related Business Policy to PolicyAid
As of October 5, 2020, PolicyWorks added a Marijuana Related Business Policy to PolicyAid.
NCUA Publishes Final Rule Temporarily Amending Appraisal Requirements
The Final Rule defers the requirement to obtain an appraisal or written estimate of market value for up to 120 days following the closing of certain residential and commercial real estate transactions, excluding transactions for acquisition, development, and construction of real estate.
NCUA will host a webinar on financial inclusion and minority depository institutions (MDIs) on Oct. 21, starting at 2 p.m. (ET). Registration is now open for this webinar, “Pathways to Consumer Financial Well-Being: The Importance of Financial Inclusion and Minority Depository Institutions.”
This webinar is open to consumers, credit unions and parties interested in working with credit unions to expand access to safe and affordable financial services in underserved communities.
Webinar on CCPA Next Week
On September 21, the Minnesota Credit Union Network is hosting a webinar giving an overview of the California Consumer Privacy Act (CCPA) and its accompanying regulations.
FFCRA Leave Rules Updated
The U.S. Department of Labor (DOL) issued revised regulations on the Families First Coronavirus Response Act’s (FFCRA) paid sick leave and paid family leave provisions.
The Pulse is MnCUN's newsletter that keeps credit union professionals and board members updated on current news and information.