The Blog

October’s Regulatory Recap is now available here.  It contains a summary of October’s regulatory actions.   While still a few months away, it is time to start thinking about your HMDA LAR reporting due March 1, 2023. The Home Mortgage Disclosure Act (HMDA, Regulation C) requires many lenders to maintain, report, and publicly disclose loan-level information about mortgages by March … Read More

On October 26, the CFPB released Bulletin 2022-06: Unfair Returned Deposited Item Fee Assessment Practices. The Bulletin states that having “blanket policies of charging Returned Deposited Item fees to consumers for all returned transactions irrespective of the circumstances of the transaction or patterns of behavior on the account are likely unfair.” The Consumer Financial Protection Act (CFPA) prohibits covered persons … Read More

September 2022’s Regulatory Recap is now available here. It includes FinCEN’s new Beneficial Ownership Information Reporting Requirements rule, and guidance from the CFPB, and others. Our audit schedule for 2023 is beginning to fill up. Now is the time to get on our calendar if you are looking for audits.  Take a look at our list of available audits here.  … Read More

August 2022’s Regulatory Recap is now available here. It includes the new interpretive rule on the “Time and Space” exception regarding digital marketing providers, and guidance from the CFPB, FDIC, Federal Reserve, NCUA, OCC, and others. We are scheduling audits for 2023. Take a look at our list of available audits here.  If you are looking for a compliance audit … Read More

July 2022’s Regulatory Recap is now available here. It includes new and proposed regulations from the CFPB, NCUA, FDIC, and FTC. It also has guidance from the FinCEN, FDIC, CFPB, and others.   Please be advised that CSG provides financial services compliance audit and consulting services to our clients.  The services that we provide include certain tasks that may be … Read More

June 2022’s Regulatory Recap is now available here. Guidance from the FinCEN and CFPB and the Latest Consumer Financial Protection Circulars from the Bureau are included in June 2022’s Regulatory Recap. We are now half-way through the year. We still have a limited number of audit slots open for the remainder of the year. If you don’t see what you are … Read More

The Washington State Legislature passed HB 1165, which made several changes to the Washington State Credit Union Act. The changes are effective June 9, 2022. One of those changes allows credit unions to serve certain non-members in a limited capacity. Washington State credit unions can “cash checks, money orders, and other payment instruments for members and persons who are eligible … Read More

May 2022’s Regulatory Recap is now available here. Updates to the Flood Insurance Q&As, new Supervisory Highlights, FDIC Insurance Advertising requirements and prohibitions, and others are included in May 2022’s Regulatory Recap. As we are heading into Summer, we still have a limited number of audit slots open for the remainder of the year. If you don’t see what you … Read More

Thank you! Next month marks the 10th anniversary of my joining Compliance Services Group, and I want to take a moment and thank you all for trusting us for your auditing and consulting needs. When we started in June of 2012, Northwest Compliance Group was focused on helping a limited number of Washington state institutions navigate the regulatory landscape. The … Read More

April’s Regulatory Recap is now available here. It’s a short one this month, and the only thought that is running through my head is the calm before the storm. Are you keeping up with everything that you should be?  Our Weekly Rewinds, which generally come out on Tuesday morning, contains regulatory and supervisory actions for the previous week. Previous issues are … Read More