Compliance Watch

The New York City Department of Consumer and Worker Protection (DCWP) has adopted significant new debt collection requirements that take effect September 1, 2026.

An account owner is currently in hospice care and has granted power of attorney (POA) to a law firm. A representative of the firm has requested that the credit union close the account.

What disclosures are required when a credit union (state or federal) wants to close a branch permanently?

Our credit union is not set up to handle cannabis-related business accounts. If a member opens an account and works for a cannabis dispensary or growing facility, would they be eligible for membership with us, given that funds deposited into the account may be payroll funds from a cannabis-related business?

We have some members who have been using smart glasses inside the credit union. What kinds of things should we be concerned about, and how can we mitigate any privacy risks?

A new IRS account for minors is moving from concept to rulemaking. Here’s what’s proposed, who qualifies, and when comments close.

NCUA is proposing changes to Part 749 that could reduce record-retention burden and clarify expectations. Comments are due May 11, 2026.

If our member lives out of state, to where do we report dormant property, our state where we operate or where the member lives?

When one of our members makes a Reg E claim, and the amount is below the credit union's chargeback threshold, we do not investigate. The credit union simply...

Join InfoSight360 Director of Regulatory Compliance Counsel Michael Christians on April 21, from 9 a.m. to 3 p.m. EDT for mortgage loan originator training.