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Legge Talks Bitcoin Basics for Credit Unions

(Posted on 9/8/2014 10:17:22 AM)

Legge Talks Bitcoin Basics for Credit Unions David Legge, financial institutions principal with CliftonLarsonAllen, authored a two part article on bitcoin for the Credit Union Times. Part 1Part 2  Disclaimer    More 

 08/12/2014

FinCEN Issues Advisory on Culture of BSA/AML Compliance  (Posted on 8/12/2014 12:28:37 PM)
 

FinCEN Issues Advisory on Culture of BSA AML Compliance Blog posted by John Zasada On August 11, 2014, the Financial Crimes Enforcement Network (FinCEN) issued Advisory FIN 2014 A007, which highlights the importance of financial institutions instituting and maintaining a

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 08/06/2014

CliftonLarsonAllen Acquires PKC Consulting  (Posted on 8/6/2014 12:36:46 PM)
 

CliftonLarsonAllen Acquires PKC Consulting CliftonLarsonAllen (CLA), a national certified public accounting and consulting firm, announced on August 1, 2014, that it has acquired PKC Consulting, a La Crosse, Wisconsin, consulting, accounting and tax services firm. “PKC Consulting has garnered a

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 07/22/2014

CFPB Proposes Expanding Complaint Policy Statements  (Posted on 7/22/2014 2:23:01 PM)
 

CFPB Proposes Expanding Complaint Policy Statements Blog posted by John Zasada  On July 16, 2014, the Consumer Financial Protection Bureau (CFPB) issued a proposed policy statement on its consumer complaint database. Currently, when consumers submit a complaint to the CPFB, the

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 04/01/2014

CFPB Releases TILA-RESPA Integrated Disclosures Small Entity Compliance Guide  (Posted on 4/1/2014 1:01:38 PM)
 

CFPB Releases TILA-RESPA Integrated Disclosures Small Entity Compliance Guide Blog posted by John Zasada   Sixteen months before the rule goes into effect August 1, 2015, the Consumer Financial Protection Bureau (CFPB) released the  small entity compliance guide  for the Truth in Lending Act and Real Estat

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 02/18/2014

FinCEN Releases Bank Secrecy Act Guidance on Marijuana-Related Businesses  (Posted on 2/18/2014 11:02:45 AM)
 

FinCEN Releases Bank Secrecy Act Guidance on Marijuana Related Businesses Blog posted by John Zasada  On February 14, 2014, the Financial Crimes Enforcement Network (FinCEN) issued guidance on Bank Secrecy Act (BSA) expectations for marijuana related businesses. The seven page guidance

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 02/11/2014

Significant Home Mortgage Disclosure Act Changes Are Coming  (Posted on 2/11/2014 10:10:42 AM)
 

Significant Home Mortgage Disclosure Act Changes Are Coming Blog posted by John Zasada  In yet another sign of significant impending changes to the Home Mortgage Disclosure Act (HMDA) requirements, the Consumer Financial Protection Bureau’s (CFPB) director recently commented on the

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 01/08/2014

FinCEN Fines JPMorgan $461 Million for BSA Violations  (Posted on 1/8/2014 10:44:22 AM)
 

FinCEN Fines JPMorgan $461 Million for BSA Violations Blog posted by John Zasada  In a January 7, 2014, news release, the Financial Crimes Enforcement Network (FinCEN) announced that they have fined J.P.Morgan Chase Bank, N.A. (JPMorgan) $461 million for violating the

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 12/27/2013

More Financial Institutions Facing Discriminatory Pricing Penalties  (Posted on 12/27/2013 10:51:13 AM)
 

More Financial Institutions Facing Discriminatory Pricing Penalties Blog posted by John Zasada  We are continuing to see financial institutions assessed penalties for lending discrimination. On December 20, 2013, it was announced that Ally Bank must pay $80 million in damages and $18

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 12/26/2013

Agencies Issue Statement on Examiner Expectations for QM and Non-QM Loans  (Posted on 12/26/2013 1:09:45 PM)
 

Agencies Issue Statement on Examiner Expectations for QM and Non QM Loans Blog posted by John Zasada  On December 13, 2013, federal financial institution regulatory agencies, including the National Credit Union Administration (NCUA), issued a statement regarding examiner expectations for qualified and

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 12/18/2013

Final Rule Issued Exempting Some HPML Loans From Appraisal Requirements  (Posted on 12/18/2013 11:39:40 AM)
 

Final Rule Issued Exempting Some HPML Loans From Appraisal Requirements Blog posted by John Zasada  On December 12, 2013, the federal financial regulatory agencies, including the National Credit Union Administration (NCUA), issued a final rule creating exemptions from appraisal requirements for some

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 12/12/2013

FASB and IASB Aim to Issue New Standard for CECL Model in 2014  (Posted on 12/12/2013 2:58:55 PM)
 

FASB and IASB Aim to Issue New Standard for CECL Model in 2014 Blog posted by Todd Sprang  Based on the remarks of Financial Accounting Standards Board (FASB) Technical Director Susan Cosper at the AICPA SEC conference, it appears as

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 11/22/2013

CFPB Issues Mortgage Disclosures Final Rule  (Posted on 11/22/2013 12:54:04 PM)
 

CFPB Issues Mortgage Disclosures Final Rule Blog posted by John Zasada On November 20, the Consumer Financial Protection Bureau (CFPB) issued its long-awaited final rule combining the Truth in Lending Act (TILA) and Real Estate Settlement Procedures Act (RESPA) mortgage disclosures. The final rule is almos

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 11/14/2013

CFPB Releases Interpretive Rule on Homeownership Counseling Organizations  (Posted on 11/14/2013 7:21:07 AM)
 

CFPB Releases Interpretive Rule on Homeownership Counseling Organizations Blog posted by John Zasada The Consumer Financial Protection Bureau (CFPB) recently released instructions for lenders to use to help comply with the high cost mortgage and homeownership counseling changes to the Real Estate

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 11/06/2013

Bank Agrees to $12.1 Million Settlement for Lending Discrimination  (Posted on 11/6/2013 12:35:59 PM)
 

Bank Agrees to $12.1 Million Settlement for Lending Discrimination Blog posted by John Zasada  On November 5, 2013, the Department of Housing and Urban Development (HUD) announced that a subsidiary of Deutsche Bank, MortgageIT, Inc., agreed to a $12.1 million settlement for

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 10/25/2013

Agencies Propose Standards for Assessing Diversity Policies and Practices  (Posted on 10/25/2013 3:45:46 PM)
 

Agencies Propose Standards for Assessing Diversity Policies and Practices Blog posted by John Zasada  On October 23, 2013, the National Credit Union Administration (NCUA), along with five other federal financial regulatory agencies, proposed joint standards for assessing diversity policies and

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 10/17/2013

CFPB Issues Bulletin and Interim Final Rule on Mortgage Servicing  (Posted on 10/17/2013 10:25:55 AM)
 

CFPB Issues Bulletin and Interim Final Rule on Mortgage Servicing Blog posted by John Zasada  On October 15, 2013, the Consumer Financial Protection Bureau (CFPB) released a bulletin and an interim final rule on the mortgage servicing rules that go into effect in January

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 10/10/2013

CFPB Releases HMDA Resubmission and Enforcement Information  (Posted on 10/10/2013 1:22:56 PM)
 

CFPB Releases HMDA Resubmission and Enforcement Information Blog posted by John ZasadaOn October 9, the Consumer Financial Protection Bureau (CFPB) released Bulletin 2013 11, which addresses compliance with the Home Mortgage Disclosure Act (HMDA) and Regulation C. The bulletin provides useful

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 10/01/2013

Resources Available for Remittance Transfer Rule Compliance Deadline  (Posted on 10/1/2013 3:11:30 PM)
 

Resources Available for Remittance Transfer Rule Blog posted by John Zasada The October 28, 2013, compliance date for the remittance transfer rule is quickly approaching. There are several resources available to assist you in understanding the rule and ultimately complying

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 09/25/2013

CFPB Issues Qualified Mortgage Flow Chart for Small Creditors  (Posted on 9/25/2013 11:43:03 AM)
 

CFPB Issues Small Creditor Qualified Mortgage Flow Chart Blog posted by John Zasada  On September 24, 2013, the Consumer Financial Protection Bureau (CFPB) issued another compliance tool to help institutions comply with the new ability to repay and qualified mortgage rule. The

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