WASHINGTON—CUNA’s 2018 Year-in-Review Checklist has been released. The association said the list consolidates resources and information available on the finalized rules and regulations that occurred during calendar year 2018.
“Compliance staff designed the checklist to assist credit unions in updating necessary policies and procedures,” CUNA said.
The checklist includes:
- The Consumer Financial Protection Bureau’s prepaid accounts rule
- Amendments to the Truth in Lending Act-Real Estate Settlement Procedures (TILA-RESPA) rule
- NCUA’s share insurance advertising requirements
- Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155) changes to:
- Qualified Mortgages
- Certain appraisal exemptions
- Exemptions from Home Mortgage Disclosure Act
- Certain escrow exemptions
- Member identification
- Veterans’ credit reporting
- Reporting suspected senior financial exploitation
- Refinancing mortgages insured by the Department of Veterans Affairs
- Protections under the Servicemembers Civil Service Relief Act
- Private student loans
- CFPB exceptions to privacy notice requirements
- Capital planning and stress testing
- Regulation CC (which implements the Expedited Funds Availability Act)
- Community charters/field-of-membership
- Voluntary mergers
- Amendments to Regulation J