Latest ViClarity Newsletter Now Available


The latest edition of the ViClarity Newsletter is now available. ViClarity, a benefit of League membership, is an award-winning RegTech solution tailored for your Governance, Risk and Compliance (GRC) needs. Please check your email or click here to access the newsletter using your email address and your California or Nevada Credit Union Leagues member-only password.

Inside this newsletter edition:

  • Register for ViClarity's Q2 Town Hall
    Join the ViClarity team as they go over the "Ability to Repay and Qualified Mortgage" rule. They will discuss what has changed with the new rule, when the mandatory compliance date lands, and the different ways in which this could apply to your credit union.

  • Expiring COVID Provisions

  • CFPB Releases Spring 2022 Supervisory Highlights Report
    In May 2022, the CFPB released its Spring 2022 Supervisory Highlights report which shares key findings from the agency’s supervisory examinations conducted in the second half of 2021.

  • Providing Relief: NCUA & PCA Regulations
    In February 2022, the NCUA Board issued an interim final rule and extended two temporary changes to its prompt corrective action (PCA) regulations. This will remain in effect through March 31, 2023.

  • HUD Proposed Rule: Adjusting FHA Terms to 40 Years for Loan Modifications
    In an effort to align with Government Sponsored Enterprises (GSEs), NCUA, Fannie Mae and Freddie Mac, the Office of Housing issued a proposed rule to allow mortgagees to recast the maximum term limits on Federal Housing Administration (FHA) insured mortgages from 30 years to 40 years.

  • Consumer Compliance Outlook Now Available
    The latest issue of the Federal Reserve System's Consumer Compliance Outlook is now available.

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