Written by Bernadette Clair, Regulatory Compliance Counsel
Consumer Compliance Outlook. The Second Quarter 2013 issue of the Philadelphia Federal Reserve’s Consumer Compliance Outlook is now available. Articles in this issue include:
- Perspectives on Consumer Protection: A Conversation with Governor Duke
- Fair Lending Webinar: Questions and Answers
- Adverse Action Notice Requirements Under the ECOA and the FCRA
You can also download the full PDF here.
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NCUA Economic Videos. NCUA recently released a couple of new videos, available on YouTube. The first video, NCUA Economic Update – June 2013 Part I, provides an update on the economy and includes a discussion on the housing market, labor market, consumer confidence statistics, and the recent rise in interest rates and potential challenges to credit unions.
The second video, NCUA Economic Update – June 2013 Part II, focuses on NCUA’s proposed derivatives rule. This proposed rule would provide qualified credit unions limited authority to engage in derivatives activities for purposes of mitigating interest rate risk, but would also establish a “pay to play” requirement. See our May 17th blog post for more details on the proposed rule.
Have a great 4th of July! We'll be back blogging on Friday.
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