Compliance Watch

I've heard that the One Big Beautiful Bill has a provision regarding a new type of long-term savings account called "Trump Accounts.” Can you tell me more?

I know that we are required to provide monthly statements to account holders if any EFTs have occurred in their transaction history. However, does the regulation specify which day of the month the statement must be sent?

Under 31 CFR 1020.220, a credit union’s Customer Identification Program (CIP) requires the collection of certain information in connection with the opening of a new account.

InfoSight360 is pleased to announce the deployment of its new learning management system (LMS), the InfoSight360 Learning Academy.

Last week, the CFPB published an interim final rule extending the mandatory compliance dates once again for its small business lending data collection rule.

Staying compliant isn’t just about understanding federal laws; it also means keeping up with state and local laws and regulations. InfoSight360 makes that easier.

What does a credit union do with a deceased person’s account in the event no beneficiaries or personal representatives step forward to claim the funds?

On July 1, 2025, several thresholds under the Expedited Funds Availability Act (Regulation CC) will be adjusted once again for inflation.

Whether you're streamlining your policy and procedure management, making sure your policies are audit-ready, or keeping up with federal law and regulatory changes, CU PolicyPro delivers unmatched value.

When is the credit union required to remit the levied funds to the IRS? Can the credit union remit the funds early? If allowed to remit early, under what circumstances?