Posted by Anthony Demangone
Happy Friday, everyone. We somehow made it through another week as compliance officers!
NCUA. Yesterday, NCUA held its monthly board meeting. You can access the meeting materials here. It wasn't a huge compliance day, although NCUA did issue rules regarding corporates and they finalized a proposed IRPS that tweaks NCUA's Supervisory Review Committee. NAFCU Today will provide overview of the meeting here.
Comment letters. NCUA Chairman Debbie Matz gives some great advice on how to write comment letters. Via this link, you can read a quick overview of the four major areas where she gives advice, as well as watch a 5-minute video on the art of writing comment letters. This clearly is on the Chairman's mind right now, as she covered the same topic in this month's NCUA Report.
The Mortgage Forms Are Coming. Reportedly, the CFPB is close to releasing prototype model mortgage disclosure forms. This will be our first chance to see how they'll handle model forms.
As you can see, Kate and Briggs would rather be outside, enjoying springtime. I hope you follow their lead, and enjoy your weekend! If you are travelling, be safe.