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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Mellin, Association staff meet with NCUA Region 1 director

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NCUA Region 1 Director Larry Blankenberger

Leadership from the New York Credit Union Association met last week with NCUA Region 1 Director Larry Blankenberger to discuss the agency’s restructuring plans and a wide-range of issues impacting credit unions.

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DFS unveils portal to report ‘cybersecurity events’

NYDFS-Logo-300x300The state Department of Financial Services last week launched a cybersecurity portal for state-charted institutions to report “cybersecurity events.” The portal provides state-chartered credit unions and other financial institutions with an avenue to securely transmit in real time all notifications required under New York’s cybersecurity regulation.

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Meet Linda Bow, Association compliance director

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Linda Bow is a true a compliance professional, with over 30 years of regulatory compliance experience in the financial services industry. As the newest member of the New York Credit Union Association’s team, we recently sat down with the compliance director to find out what makes her tick.

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