Regulatory & Compliance

The Department of Housing and Urban Development has issued final disclosures for mortgage lenders to provide active duty homeowners in default.

The Office of Thrift Supervision recently announced that it is restructuring its regional map to establish a new Central Region as part of its restructuring.

The Financial Accounting Standards Board is looking at a Jan. 1, 2009 as the compliance date for its new business combination rule expected to be finalized in the third quarter of this year.

NASCUS provided participants in the Connecticut Unrelated Business Income Tax Conference April 18 with an update on the activities of the UBIT Steering Committee. The seminar was put together as an educational opportunity to help credit unions understand implications of the IRS's five Technical Advice Memoranda (TAMs) recently released. The...

NCUA said in a recent legal opinion letter that it has no legal objection to federal credit unions offering rewards checking accounts.

The two national credit union trade associations supported flexibility in the application of capital standards for banks in comment letters to the Federal Reserve last week.