September 18, 2012
Twenty-four credit union compliance professionals from the Northwest arrived in Anaheim, Calif., this week to attend the Credit Union National Association (CUNA) Regulatory Compliance School, a week-long course designed to give attendees a thorough understanding of the credit union regulatory environment and detailed information about how to comply with each regulation.
With 186 people from around the country taking part in the rigorous program, nearly 13 percent of attendees hail from Oregon and Washington—including David Curtis, director of compliance services for the Northwest Credit Union Association (NWCUA).
“Even spending the week in what is called ‘The Happiest Place on Earth’ does not overshadow the ever-changing compliance burden that credit unions are facing,” Curtis said.
CUNA offers courses at two levels, and while some students are on-hand for the introductory class, most came down for the update class. Monday’s session focused on regulatory developments, including remittance transfers, the Consumer Financial Protection Bureau (CFPB) and all the fun mortgage lending rules that have been proposed, and identity theft and fraud.
The rest of the week’s sessions will include updates on consumer lending, how Home Mortgage Disclosure Act (HMDA) data could result in a fair lending exam, challenges with complying with the Servicemembers Civil Relief Act (SCRA), handling member complaints, elder abuse, and vendor management.
Questions? Contact the Compliance Hotline: 1.800.546.4465, email@example.com.