Compliance Watch

Car loans are one of the primary business lines for credit unions in Texas. Unfortunately, over the past year an increasing number of auto dealers throughout the state have been telling customers that they refuse to accept outside financing from a credit union or bank.

Previously, in our InfoSight e-newsletter, we provided questions and answers for credit unions in Texas about the new laws regarding guns and the signs for prohibiting guns in their establishments.

Question: Do travelers checks ever expire? Answer: Generally, no.

Can you ever be too prepared? Has there ever been a time that you wished you didn’t have to have a back-up plan?

The following RISK Alerts were added to the Resources area during the month of August...

The CFPB has scheduled for publication on Sept. 1, a withdrawal of its April 2021 proposal to delay the Nov. 30 2021...

The OCC, FRB, FDIC, NCUA and state regulators issued a joint statement recently stating that they recognize the serious impact of Hurricane Ida on the customers and operations of many financial institutions and will provide appropriate regulatory assistance to affected institutions subject to their supervision.

Both Fannie Mae and Freddie Mac have updated their uniform legal instruments—security instruments, notes, riders and addenda, and special-purpose documents—used for loans delivered to them.

The CFPB’s “Payday, Vehicle Title, and Certain High-Cost Installment Loans” rule has been held up by a federal court case in Texas.

Just a reminder that NASCUS is offering a series of webinars that covers the many ways NASCUS members can reap the most of their memberships.