Tuesday, February 21, 2012

NAFCU Compliance Blog: Finding the CFPB's Regulations

Dodd-Frank transferred authority for the "enumerated consumer laws" to the CFPB on July 21, 2011. In late December, the CFPB officially republished the regulations that implemented these "enumerated consumer laws" in its own section of the Electronic Code of Federal Regulations.For credit unions, this means we need to use the CFPB's regulations for our research and our citations. For example, the correct citation for Regulation Z is now 12 C.F.R. 1026 and not 12 C.F.R. 226.

NAFCU Compliance Blog: Finding the CFPB's Regulations

No comments:

Post a Comment

Please no profanity or political comments.

Note: Only a member of this blog may post a comment.

New IRS Auto Loan Reporting Rule Creates Major Compliance Challenge for Credit Unions

Credit unions that make auto loans need to begin preparing now for a significant new IRS reporting requirement that could create an especial...