Association welcomes Westchester-Rockland shared compliance specialist

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Association Shared Compliance Specialist Paula Lynch

The New York Credit Union Association recently welcomed Paula Lynch, a shared compliance specialist to credit unions in the Westchester-Rockland Chapter. In her role, Lynch will spend time working on compliance-related matters for Palisades FCU, NorthEastern Engineers FCU, Educational & Governmental EFCU and Ocean Financial FCU, which is based on Long Island.

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CFPB raises reporting threshold for HELOCs under HMDA

cfpb-logoThe CFPB yesterday issued a rule amending the 2015 updates to the Home Mortgage Disclosure Act rule. The Bureau has temporarily changed reporting requirements for credit unions and banks that issue home-equity lines of credit, and clarified the information that financial institutions are required to collect and report about their mortgage lending.

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