Straight to The Point: August 13, 2018

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star3 The CFPB on Friday finalized amendments to implement legislation that allows financial institutions that meet certain requirements to be exempt from sending annual privacy notices to their members and customers – The Point

star3 The bureau last week also released a File Format Verification Tool, which is intended to test whether an institution’s Home Mortgage Disclosure Act file meets certain formatting requirements specified in the HMDA Filing Instructions Guide– The Point

star3 SimplyCredit, a strategic partner of the New York Credit Union Association, will host an informational webinar today at 2 p.m. The webinar will explain SimplyCredit’s new digital platform, which is designed to work with the credit union’s mobile banking platformNYCUA

star3 A federal judge has rejected a request by acting CFPB Director Mick Mulvaney to delay the effective date of the agency’s payday lending rule, which is set to go into effect in 2019 – CUToday

star3 EMV payments are successfully reducing in-store counterfeit card fraudCU Times

star3 NCUA’s risk-based capital proposed rule has been published in the Federal Register, and comments will be due Sept. 7CUNA

star3 For credit unions that want to serve members whose first language is not English, one solution could lie in the use of interactive teller machines and remote video bankingCU Journal

star3 Roughly three-fourths of likely 2018 voters support the existence of the CFPBThe Hill

 

 

 

 

 

 

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