Written by JiJi Bahhur, Director of Regulatory Compliance
Recently, the CFPB posted a semi-annual update of its rulemaking agenda which explains and details the work it has done in 2014 and outlines the areas it intends to focus on in 2015. If you have not seen the rulemaking agenda before, it includes items that the CFPB is/has been focusing on and states what stage in the rulemaking process that particular item is in: pre-rule, proposed rule, or final rule.
I won’t go into any detail, but if you’re interested in seeing what the CFPB has been up to, take a look at the semi-annual update and the rulemaking agenda – both are short and sweet and easy to read. But now for a shameless plug: Are you looking for a one-stop shop year-end review of the NCUA’s and CFPB’s activities from this year? If so, you’re in luck! NAFCU’s Compliance team has made available just that – an article that synthesizes the final rules, proposals, and other guidance provided by the NCUA and CFPB during 2014 and also what to expect in the near future. If you are a NAFCU member, you can access this compliance resource in NAFCU’s December Compliance Monitor issue (NAFCU log-in required). For a direct link to the article, click here (NAFCU log-in also required).
Speaking of NAFCU's December Compliance Monitor, members will also find an article outlining the CFPB's Annual Privacy Notice rule.