Compliance Watch

The Financial Action Task Force has issued a press release that includes a report indicating Canada has taken a number of actions to strengthen its framework....

Related to COVID-19, the NCUA has provided frequently asked questions for federally insured credit unions.

Question: Do we always have to accept a durable power of attorney? Answer: While the answer is no, it’s a bit more complicated than that.

This year, Cornerstone League will hold a virtual Hike at Home on Oct. 18–22,* similar to the very successful virtual hike we held in 2020. Please mark your calendars so you’re sure to join us.

With our League partners, we strive to keep the content in InfoSight current, relevant, and evolving based on credit unions’ needs.

The CFPB announced the release of its first in-depth report analyzing complaint submission patterns by U.S. Census tract.

FinCEN has announced an Advance Notice of Proposed Rulemaking (ANPRM) to solicit public comment on a range of questions related to the implementation of amendments to the Bank Secrecy Act regarding the trade in antiquities.

The Federal Housing Finance Agency has announced that Fannie Mae and Freddie Mac will continue to offer COVID-19 forbearance to qualifying multifamily property owners as needed, subject to the continued tenant protections FHFA has imposed during the pandemic.

The Federal Housing Finance Agency and the Department of Housing and Urban Development reported clarifications of Freddie Mac's policies to make clear it will purchase mortgages secured by a property owned by an individual and rented to a group home for persons with disabilities.

Since the COVID-19 pandemic began in early 2020, the federal government has enacted a series of programs to help people stay in their homes.