NCUA premiers new Consumer Compliance Regulatory Resource for credit unions

ALEXANDRIA, VA (June 26, 2014) -- To help credit unions comply with the new mortgage rules and other consumer lending rules required by the Dodd-Frank Wall Street Reform and Consumer Protection Act and other laws, the National Credit Union Administration unveiled a new webpage today.“We’ve experienced a number of important changes to the rules governing mortgages and other consumer lending products and services since the passage of the Dodd-Frank Act,” NCUA Board Chairman Debbie Matz said. “Often it’s been difficult for credit unions to find the critical regulatory information they need, but NCUA’s new Consumer Compliance Regulatory Resource webpage consolidates these resources in a single, easily accessible location. I encourage all credit union compliance officers and managers to link to and use this new resource page.”

The new Consumer Compliance Regulatory Resource webpage features content from not only NCUA, but also the Consumer Financial Protection Bureau, the Federal Financial Institutions Examination Council and other federal agencies on such topics as mortgage lending, credit cards and fair lending, among other topics. Credit unions can access regulations, regulatory alerts, letters to credit unions, webinars, compliance guides, videos and other resources.

The Consumer Compliance Regulatory Resource page is available online on www.ncua.gov at http://go.usa.gov/9djC.

NCUA is the independent federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the U.S. Government, NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 97 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. AtMyCreditUnion.gov and Pocket Cents, NCUA also educates the public on consumer protection and financial literacy issues..