Written by Steve Van Beek
On Tuesday, I blogged about the new regulation on noninterest-bearing transaction accounts. Yesterday, the final rule was published in the Federal Register which starts the clock on the "30-day window" before the rule becomes effective. Compliance with the new rule is required by June 24, 2011 (30 days after notice in the Federal Register).
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NCUA Webinars. In addition to NCUA's webinar today (May 26) on Voluntary Prepaid Assessments, NCUA will be hosting a separate webinar on Allowance for Loan and Lease Losses (ALLL). The ALLL webinar begins today (May 26) at 2 p.m. EST and will be followed at 4 p.m. by the Voluntary Prepaid Assessment's webinar.
NCUA does archive their webcasts, so if you are looking for additional Troubled Debt Restructing (TDR) information you may want to review NCUA's January 6, 2011 webinar on TDRs.
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Consumer Compliance Outlook. Today is also the day of the Philadelphia Federal Reserve's free webinar on the Fed's Regulation Z Proposal on Ability to Repay for Mortgages. The webinar starts at 2 p.m EST. These webinars are usually archived so you can still catch the webinar at a later date. The slide deck for today's webinar is here.
The Consumer Compliance Outlook also provides a quarterly newsletter that focuses on issues related to Federal Reserve regulations. The First Quarter 2011 Newsletter is here and includes a Regulatory Calendar of proposed and finalized rules by the Federal Reserve. They also have a handy "Index by Topic" which lists past articles they have written.
NAFCU Members: Our Regulatory Alert on the Ability to Repay proposed rule is now available.
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