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CFPB Officially Delays International Remittance Regulation

Jan
25
CFPB Officially Delays International Remittance Regulation

This week the Consumer Financial Protection Bureau (CFPB) officially announced in a blog post that it is delaying the effective date of its international remittance transfer rule that was set to go into effect on February 7, 2013.  The new effective date will be announced “later this year” and th

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FFEIC Releases Social Media Guidance & Requests Comments

Jan
25
FFEIC Releases Social Media Guidance & Requests Comments

The Federal Financial Institutions Examination Council (FFIEC) released proposed guidance entitled Social Media: Consumer Compliance Risk Management Guidance.

Posted By Sharon Bahr read more

IRS Issues Final FATCA Regulation

Jan
25
IRS Issues Final FATCA Regulation

The Internal Revenue Service (IRS) issued a final rule that implements information reporting and withholding tax provisions under the Foreign Account Tax Compliance Act (FATCA).  The rule describes the step-by-step process for U.S.

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Credit Union Leaders Attend Inaugural Events in Jefferson City

Jan
16
Credit Union Leaders Attend Inaugural Events in Jefferson City

Representatives from Missouri credit unions and the Missouri Credit Union Association (MCUA) were in Jefferson City to attend the inaugural events held January 13-14.  During the two-day event, credit union leaders met with lawmakers and other distinguished guests, including State Treasurer Clint Zweifel (D) who held an inauguration reception Sunday evening.

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CFPB Updates - 1/14/2013

Jan
14
CFPB Updates - 1/14/2013

CFPB Issues New Final Mortgage Rule & Associated Proposal

Posted By Sharon Bahr read more

Share Missouri Concerns in National Examination Survey: January 15 Deadline

Jan
09
Share Missouri Concerns in National Examination Survey:  January 15 Deadline

Credit unions in Missouri are encouraged to take part in the Credit Union National Association’s (CUNA) examination survey.  The survey deadline is January 15.  The purpose of the survey is to give credit unions the opportunity to share their experiences with on-site regulatory exams and their level of satisfaction with the National Credit Union Administration (NCUA) and state regulator performance, as well as the results of the exams.  The survey also gives credit unions a chance to describe the strengths and weaknesses of their state and federal examination

Posted By Amy McLard read more

Credit Union Champions Sworn In

Jan
08
Credit Union Champions Sworn In

Credit union representatives from Missouri were in Washington, D.C.  as Credit Union Champion Ann Wagner (R-District 2) was sworn in for her first term as a member of the U.S. Congress on January 3.  Wagner joins fellow Credit Union Champion, U.S. Rep. William Lacy Clay (D-District 1), on the Missouri delegation, which was reduced by redistricting to eight U.S.

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CFPB Updates - 1/4/2013

Jan
07
CFPB Updates - 1/4/2013

New Comment Call on CFPB Trial Disclosure Policy

Posted By Sharon Bahr read more

FHFA Reports Delinquency Decline for Some Loans Backed by Fannie Mae and Freddie Mac

Jan
07
FHFA Reports Delinquency Decline for Some Loans Backed by Fannie Mae and Freddie Mac

The Federal Housing Finance Agency (FHFA) reported in its third quarter 2012 Foreclosure Prevention Report that the number of loans backed by Fannie Mae and Freddie Mac in serious delinquency (loans delinquent for 90 or more days) has dropped below 1 million for the first time since the summer of 2009.  Loans delinquent by 60-plus days also declined; however,

Posted By Sharon Bahr read more

FDIC Report on Mobile Payment Risks

Jan
07
FDIC Report on Mobile Payment Risks

In December, the Federal Deposit Insurance Corporation (FDIC) released a report regarding mobile payment risks in its Supervisory Highlights (Winter 2012 Edition).  The report discusses the current mobile payments landscape, mobile payment risks, and the existing legal and regulatory framework.  Financial institutions and th

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