Credit Union Regulatory Guidance Including: NCUA, CFPB, FDIC, OCC, FFIEC Podcast Por Credit Union Exam Solutions Inc. arte de portada

Credit Union Regulatory Guidance Including: NCUA, CFPB, FDIC, OCC, FFIEC

Credit Union Regulatory Guidance Including: NCUA, CFPB, FDIC, OCC, FFIEC

De: Credit Union Exam Solutions Inc.
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This podcast provides you the ability to listen to new regulatory guidance issued by the National Credit Union Administration, and occasionally the F D I C, the O C C, the F F I E C, or the C F P B. We will focus on new and material agency guidance, and historically important and still active guidance from past years that NCUA cites in examinations or conversations. This podcast is educational only and is not legal advice. We are sponsored by Credit Union Exam Solutions Incorporated. We also have another podcast called With Flying Colors where we provide tips for achieving success with the N C U A examination process and discuss hot topics that impact your credit union.2023 Economía
Episodios
  • FDIC's Consumer Compliance Supervisory Highlights for July 2025

    FDIC's Consumer Compliance Supervisory Highlights for July 2025
    Jul 16 2025
    www.marktreichel.comhttps://www.linkedin.com/in/mark-treichel/Show Notes: FDIC Consumer Compliance Supervisory Highlights - July 2025Episode SummaryIn this episode, we break down the FDIC's latest Consumer Compliance Supervisory Highlights report, covering 2024 examination results and compliance trends. While focused on FDIC-supervised institutions, this principle-based guidance serves as an excellent roadmap for credit unions and all financial institutions.Key TakeawaysOverall Performance97% of FDIC-supervised institutions rated satisfactory or better for consumer compliance800 consumer compliance examinations conducted in 2024Risk-focused examination approach targets areas with greatest potential for consumer harmTop 5 Most Cited Violations (73% of all violations)Truth in Lending Act (TILA) - 470 violations (37%)Periodic statement disclosure failuresGood faith estimate timing issuesLoan cost breakdown requirementsFlood Disaster Protection Act (FDPA) - 143 violations (11%)Failure to provide required flood insurance45% of FDPA violations related to this single issueTruth in Savings Act (TISA) - 129 violations (10%)Inadequate deposit account disclosuresPre-opening disclosure failuresElectronic Fund Transfer Act (EFTA) - 122 violations (10%)Error investigation procedure failuresTiming and reporting requirement violationsHome Mortgage Disclosure Act (HMDA) - 65 violations (5%)Incomplete data collection and reportingMissing required borrower and loan informationEnforcement Actions & Restitution31 formal and 23 informal enforcement actions$5.6 million in civil money penalties$33.3 million in voluntary restitution to ~400,000 consumers3 referrals to Department of Justice for discrimination violationsConsumer Complaint Trends26,451 complaints closed (14% increase from 2023)100% acknowledgment within 14 days98.6% response rate within performance goalsTop Complaint Categories:Credit cards: 4,733 complaints (29%)Checking accounts: 3,152 complaints (19%)Installment loans/CLOC: 2,708 complaints (12%)Residential real estate: 844 complaints (5%)Most Common Issues:Credit reporting disputes (18%)Transaction errors (9%)Accounts opened without knowledge (6%)Disclosure problems (6%)Service availability issues (5%)Emerging Trends13% increase in third-party provider-related complaints (4,282 cases)Growing vendor oversight challengesPersistent credit reporting and account opening issuesFair lending complaints decreased 9% (68 to 62 cases)Key Compliance Areas for FocusHigh-Risk AreasDisclosure Management: TILA, TISA, and HMDA reporting accuracyOperational Procedures: Flood insurance, error resolution processesVendor Oversight: Third-party provider compliance monitoringData Collection: HMDA and other regulatory reporting requirementsProactive StrategiesImplement robust disclosure review processesEnhance staff training on operational complianceStrengthen vendor management programsMonitor complaint trends as early warning indicatorsWhy This Matters for Credit UnionsWhile this report focuses on FDIC-supervised banks, the consumer protection laws and compliance principles apply broadly across financial services. Credit unions can use these insights to:Benchmark their compliance performanceIdentify potential risk areas before they become problemsEnhance training and procedures in high-violation areasImprove vendor management practicesResources MentionedFDIC Consumer Compliance Examination ManualFederal Financial Institutions Examination Council (FFIEC) Rating SystemFDIC National Center for Consumer and Depositor AssistanceHost NotesThis episode provides actionable insights for compliance professionals, with extensive use of direct quotes from the FDIC report to ensure accuracy. The data shows that while most institutions are performing well, concentrated issues in specific areas offer clear opportunities for improvement across the industry. Are you worried about an NCUA exam in process or looming on the horizon? Don't face it alone!We're ex-NCUA insiders with decades of experience, ready to guide you to success. Our team understands the intricacies of NCUA examinations from the inside out.Hire us and gain:• Peace of mind during your exam process• Insider knowledge of NCUA procedures and expectations• Strategies to address potential issues before they become problems• Continuous access to our extensive subject matter expertiseWith our access retainer, you'll have on-demand support from former NCUA experts. We're here to ensure your credit union achieves flying colors in its next examination.Contact Credit Union Exam Solutions today to learn more about our services and how we can help your credit union succeed.
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    18 m
  • NCUA Exam Alert: Risk Management Framework Essentials That Pass Exams

    NCUA Exam Alert: Risk Management Framework Essentials That Pass Exams
    Jul 9 2025

    www.marktreichel.com

    https://www.linkedin.com/in/mark-treichel/


    Hello, this is Samantha Shares. This podcast is educational and is not legal advice.

    Banking agencies have curtailed issuance of new guidance and regulations under the current administration. As a result, and to continue providing our listeners with valuable new episodes, we're excited to share our new initiative and cohost. We'll be providing AI-powered summaries of evergreen episodes from our sister podcast With Flying Colors. These episodes will highlight the key points in an easy-to-digest eight to twelve minute format.

    We continue to embrace Artificial Intelligence, and like my voice, these new episodes will be introduced by me and then narrated by our guest AI voice. Today, Daniel will discuss 'NCUA Exam Alert: Risk Management Framework Essentials That Pass Exams.' This episode is also available on YouTube in AI video format, so be sure to check that out as well!

    Now, here's Daniel with your summary.


    Are you worried about an NCUA exam in process or looming on the horizon? Don't face it alone!

    We're ex-NCUA insiders with decades of experience, ready to guide you to success. Our team understands the intricacies of NCUA examinations from the inside out.

    Hire us and gain:

    • Peace of mind during your exam process

    • Insider knowledge of NCUA procedures and expectations

    • Strategies to address potential issues before they become problems

    • Continuous access to our extensive subject matter expertise

    With our access retainer, you'll have on-demand support from former NCUA experts. We're here to ensure your credit union achieves flying colors in its next examination.

    Contact Credit Union Exam Solutions today to learn more about our services and how we can help your credit union succeed.
    Más Menos
    9 m
  • Insider Dealing and Conflicts of Interest: NCUA's Letter to Credit Unions from 1986

    Insider Dealing and Conflicts of Interest: NCUA's Letter to Credit Unions from 1986
    Jul 2 2025

    www.marktreichel.com

    https://www.linkedin.com/in/mark-treichel/


    https://www.linkedin.com/in/mark-treichel/


    Are you worried about an NCUA exam in process or looming on the horizon? Don't face it alone!

    We're ex-NCUA insiders with decades of experience, ready to guide you to success. Our team understands the intricacies of NCUA examinations from the inside out.

    Hire us and gain:

    • Peace of mind during your exam process

    • Insider knowledge of NCUA procedures and expectations

    • Strategies to address potential issues before they become problems

    • Continuous access to our extensive subject matter expertise

    With our access retainer, you'll have on-demand support from former NCUA experts. We're here to ensure your credit union achieves flying colors in its next examination.

    Contact Credit Union Exam Solutions today to learn more about our services and how we can help your credit union succeed.
    Más Menos
    6 m
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