Credit Union Industry Happenings

CFPB Warns Finanacial Institutions about Potential Mortgage Lending Reporting Failures

Posted by on Oct 30th, 2016 in industry news, news | Comments Off on CFPB Warns Finanacial Institutions about Potential Mortgage Lending Reporting Failures

CONSUMER FINANCIAL PROTECTION BUREAU WARNS FINANCIAL INSTITUTIONS ABOUT POTENTIAL MORTGAGE LENDING REPORTING FAILURES CFPB Puts 44 Mortgage Lenders and Brokers on Notice That They May Be Required to Report Mortgage Data WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) is issuing warning letters to 44 mortgage lenders and mortgage brokers. The Bureau has information that appears to show they may be required to collect, record, and report data about their housing-related lending activity, and that they may be in...

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CFPB Updated Exam Procedures for Military Lending Act

Posted by on Sep 30th, 2016 in industry news, news | 0 comments

CONSUMER FINANCIAL PROTECTION BUREAU RELEASES UPDATED EXAM PROCEDURES FOR MILITARY LENDING ACT CFPB to Evaluate Military Lending Act Violations in its Exams of Creditors and Will Use Its Enforcement Authority in Cases of Substantial Consumer Harm WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) issued the procedures its examiners will use in identifying consumer harm and risks related to the Military Lending Act rule which was updated in July 2015. The exam procedures being released today by the Bureau provide guidance...

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RTB #005-16 Changes to Insurance and Salvage Industry Specific Forms and Processes (links)

Posted by on Sep 16th, 2016 in featured, link, news | 0 comments

RTB #005-16 Changes to Insurance and Salvage Industry Specific Forms and Processes (links) Form VTR-331-INS.pdf RTB #005-16 Changes to Ins. & Salvage Industry Specific Forms & Processes.pdf Form VTR-331-SPO.pdf Form...

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September 2016 Tax Policy News now online (links)

Posted by on Sep 1st, 2016 in featured, link, news | 0 comments

September 2016 Tax Policy News now online: The September issue of Tax Policy News<http://links.govdelivery.com:80/track?type=click&enid=ZWFzPTEmbWFpbGluZ2lkPTIwMTYwOTAxLjYzMjQzODkxJm1lc3NhZ2VpZD1NREItUFJELUJVTC0yMDE2MDkwMS42MzI0Mzg5MSZkYXRhYmFzZWlkPTEwMDEmc2VyaWFsPTE3NzU3NTIyJmVtYWlsaWQ9bWR1cnN0QHVoY3Uub3JnJnVzZXJpZD1tZHVyc3RAdWhjdS5vcmcmZmw9JmV4dHJhPU11bHRpdmFyaWF0ZUlkPSYmJg==&&&101&&&http://www.comptroller.texas.gov/taxinfo/taxpnw/tpn2016/tpn1609.html> is now available...

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Chapter 217, Adopted Amendments, Repeal, and New Subchapter (links)

Posted by on Aug 11th, 2016 in featured, link, news | 0 comments

Adopted TAC, Ch. 217, New Subchapter I, Fees, §§217.181-217.185; Amendments to §§217.23, 217.24, 217.29, 217.32, 217.52, 217.53, and 217.72; and Repeal of §217.31. The Texas Department of Motor Vehicles (TxDMV) has published in the Texas Register adopted changes to the Texas Administrative Code, which affect Chapter 217.  The adopted Texas Register language is attached and it is also available on the Office of the Secretary of State’s website at...

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Chapter 217, Subchapter H, Deputies, Adopted Amendment and New Sections (links)

Posted by on Aug 11th, 2016 in featured, link, news | 0 comments

Adopted TAC, Ch. 217, Subchapter H, Deputies, Amendment to §217.161, New §§217.162, 217.163, 217.164, 217.166-217.168, and the Withdrawal of §217.165   The Texas Department of Motor Vehicles (TxDMV) has published in the Texas Register adopted changes to the Texas Administrative Code, which affect Chapter 217, Subchapter H.  The adopted Texas Register language is attached and it is also available on the Office of the Secretary of State’s website at...

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Update to the Motor Vehicle Title Manual (link)

Posted by on Aug 11th, 2016 in featured, link, news | 0 comments

The latest update to the Motor Vehicle Title Manual (attached) is now available via Registration and Title System workstations and at www.txdmv.gov. Updates for this release are marked with red change bars in the text. Additionally, the following are brief summaries of the chapters updated in the July 2016 revision. Chapter 3 – Fees Section 3.3, “Delinquent Transfer Penalty,” was updated to include optionally titled trailers in the list of exceptions to delinquent transfer penalty fees. Chapter 4 – Definitions Section 4.2,...

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Revisions and Updates to Various TxDMV Forms (links)

Posted by on Aug 11th, 2016 in featured, link | 0 comments

The Texas Department of Motor Vehicles (TxDMV), Vehicle and Titles and Registration Division, issued a memorandum on August 3, 2016 outlining their efforts to revise or update numerous title-related forms. The first wave of the revised or updated forms were issued today. Below is are links to each of the updated or revised forms and, if necessary, the associated Registration and Title Bulletins (RTB). You can click here to read the full memorandum.   Revised Forms and RTB’s Issued August 4, 2016   New Application for Texas Title...

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House Passes Five Financial Services Bills

Posted by on Jul 12th, 2016 in industry news, news | Comments Off on House Passes Five Financial Services Bills

WASHINGTON – The House on Monday passed three pieces of legislation from the Financial Services Committee’s Task Force to Investigate Terror Finance. During a June hearing, Terror Task Force Chairman Fitzpatrick (R-PA) stressed the importance of adaptive legislation “This Task Force continues to note that illicit actors are adaptive; constantly evolving their money-laundering and financing techniques to better avoid detection. These techniques and practices – such as trade-based money laundering or the narcotics trade – often...

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House Passes Three Bipartisan Financial Services Bills

Posted by on Jul 8th, 2016 in industry news, news | Comments Off on House Passes Three Bipartisan Financial Services Bills

WASHINGTON – The House on Tuesday passed three bipartisan financial services bills, including legislation to help startup businesses gain access to investment capital and to help law enforcement prevent financial fraud against senior citizens. When the Financial Services Committee approved the bills last month, Chairman Jeb Hensarling (R-TX) praised the measures as “solutions that will more appropriately balance rules with the urgent need to provide small business entrepreneurs with access to capital” and “help stop the financial abuse of...

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