Compliance Watch

The IRS has issued a press release urging entities with Employer Identification Numbers (EINs) to update their applications if there has been a change in the responsible party or contact information.

The CFPB announced on recently that two final rules issued under the Fair Debt Collection Practices Act will take effect as planned on Nov. 30, 2021.

The IRS has updated its frequently asked questions (FAQs) regarding the paid sick and family leave tax credits under the American Rescue Plan Act of 2021.

Question: Do credit unions need to incorporate the issue of marijuana-related businesses into their BSA policies and training? Answer: Yes, credit unions should discuss cannabis-related businesses (both marijuana and hemp) in their Bank Secrecy Act policies, procedures, and training sessions.

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Many have asked about the right of offset for the recently deposited Child Tax Credits. The IRS has provided several FAQs, with those below specifying past-due funds and garnishments...

For 3rd week of Military Consumer Month, the Consumer Financial Protection Bureau’s Office of Servicemember Affairs is emphasizing two vital military consumer protection laws: the Military Lending Act (MLA) and the Servicemembers Civil Relief Act (SCRA).

The Federal Housing Authority on Friday announced additional streamlined COVID-19 recovery options to help homeowners with FHA-insured mortgages who have been financially impacted by the COVID-19 pandemic bring their mortgage current and remain in their homes.

On June 30, 2021, the Consumer Financial Protection Bureau published Regulatory Alert​ 21-RA-08 in the Federal Register, a final rule temporarily amending certain mortgage servicing requirements under Regulation X to assist borrowers affected by the COVID-19 emergency.

Nacha has created an opt-in program to better facilitate the return and recovery of potentially fraudulent unemployment benefits originally paid by ACH credits.