March’s Regulatory Recap

March’s Regulatory Recap is now available here. It includes legislative updates regarding new proposed and final rules for March 2019, as well as Washington and Oregon state updates. So, grab a cup of coffee, tell the boss you will be busy for the next 10 minutes, and enjoy… Let us know if you have any questions. Law-Related Services Disclaimer.  Please … Read More

February Regulatory Recap

February’s Regulatory Recap is now available.  Check it out here. If you have questions, please contact us. The compliance professionals at CSG are not attorneys and, therefore, the services we provide should not be considered a legal opinion or other legal analysis pertaining to the information covered. We urge you to consult with your legal advisor before revising products or … Read More

Private Flood Insurance

Private Flood Insurance Requirements Effective July 1, 2019 The OCC, Federal Reserve, FDIC, FCA, and NCUA issued a joint final rule, effective July 1, 2019, requiring regulated institutions to accept certain private flood insurance policies in addition to the National Flood Insurance Program (NFIP) policies. A Private flood insurance is an insurance policy that: 1.  Is issued by an insurance … Read More

Payday Lending Rule Update

Payday, Vehicle Title, and High-Cost Installment Lending Rule (Payday Lending Rule)   Status & Timeline Currently, the Payday Lending Rule is stayed pursuant to a court order issued in Community Financial Services Association v. CFPB, No. 1:18-cv-00295 (W.D. Tex. Nov. 6, 2018) Compliance with the Rule is not required until the court-ordered stay is lifted. October 5, 2017 – The … Read More

January’s Regulatory Recap

January’s Regulatory Recap is available here.  It includes information on HMDA, penalty adjustments, and Washington & Oregon legislative sessions.  If you have any questions, please let us know.  If you want the Recaps emailed to you, please complete the Contact Us information below.   Law-Related Services Disclaimer.  Please be advised, CSG provides financial services compliance audit and consulting services to … Read More

August 2018 Regulatory Recap

August’s Regulatory Recap is available here, and contains almost everything you need to know about what happened during the month.  It includes the changes to Regulation Z thresholds, the “new” Privacy rules under Regulation P, proposed regulations, and links to resources to make life just that much easier.  If you have any questions, please contact us.

February Regulatory Recap

February’s Recap is now available here.  It contains the change to the Prepaid Rule effective date, resources for financial institutions, a summary of interesting news of the month, and updates on Washington and Oregon’s legislative activity. Please contact us if you have questions. Blog posts generally contain only a summary of any requirements, and do not represent all potential impact … Read More

Additional MLA Guidance

The Department of Defense has published an amendment to its interpretive Q&A on the Military Lending Act regulation, “Limitations on Terms of Consumer Credit Extended to Service Members and Dependents.”  On August 26, 2016, the Department issued the first set of interpretations of that regulation in the form of questions and answers; this interpretive rule amends and adds to those questions … Read More