Compliance hot topics. What The Board Needs to Know. In the last few Years Compliance has felt like this. Still a lot to do. Implemented During 2010. New RESPA Disclosures New Credit Card Disclosures, Processing Rules and Fee Restrictions Shorter Allowable Hold Periods on Deposits
What The Board Needs to Know
Rule of Thumb: Anytime a regulation makes it into mainstream news media, it’s a big deal.
Fee Income: An endangered species
A major overhaul . . . .
More important than ever . . . .
The end of yield-spread premiums.
You can’t make mortgage loans without it . . .
Requirement for Federal Credit Unions Only.
Do you really know your vendors?
You never think about it until it’s too late.
An oldie, but a goodie . . . .
Changing requirements for a changing world.
Still a lot of unknowns . . .
Utah Credit Union Association