Virtual Membership Meetings

The DFI released Bulletin B-17-17, along with Interpretive Letter I-17-04, regarding the ability to conduct virtual membership meetings. The short answer is “Credit unions may amend their bylaws to allow for virtual membership meetings, including annual and special meetings.” The longer answer is: The guidance for a virtual membership meeting is as follows: The credit union should review the Interpretive … Read More

IT Examination Resource Guide

The American Bankers Association released a guidebook and companion to the FFIEC IT Information Security Booklet, which reformats the exam booklet into a checklist with direct links to cross-referenced statutes, regulation and guidance. Passwords to access the blog posts, and blog posts are only for CSG owners and retained clients. These should not be shared outside of the organization. Blog … Read More

NMLS Renewal Period Opens

The annual NMLS renewal period for 2018 began on November 1, 2017, and ends Sunday, December 31, 2017. Individuals and businesses are encouraged to renew their licenses or registrations early, so there is no impact to their business in 2018.  The renewal information is available here. If the renewal process is not completed prior to December 31st, the MLO is placed in an … Read More

CFPB Arbitration Rule

The White House announced that the president has signed H.J. Resolution 111, striking down the CFPB’s Arbitration Rule.  The Rule will not take effect on March 19, 2018, and a similar rule cannot be enacted without specific authorizing legislation. This does not change any state specific requirements or restrictions regarding arbitration clauses. Passwords to access the blog posts, and blog … Read More

CFPB Beta Launch of HMDA Platform

From the CFPB – The Bureau is pleased to announce the beta launch of the new HMDA Platform. The main objective of the beta release is to provide financial institutions an opportunity to become familiar with the HMDA Platform and, in particular, determine whether their sample LAR data complies with the reporting requirements outlined in the Filing Instructions Guide for … Read More

October Recap Available

October’s Recap is now available here. Passwords to access the blog posts, and blog posts are only for CSG owners and retained clients. These should not be shared outside of the organization. Blog posts generally contain only a summary of any requirements, and do not represent all potential impact on the organization. For further details on any blog post, contact … Read More