Compliance Watch

Just because we've all been in virtual meetings for the last year doesn't mean those meetings were productive and engaging.

Question: We have the daughter of a member wishing to pay off her deceased parent's vehicle and take title. She has not been granted any probate authority. Can we let her pay off the vehicle? Answer: She can pay it off, but you cannot provide her with any account information or allow her take title.

Is your credit union taking advantage of the “secret sauce” that can help you “cook up” a great compliance program? Check out the “ingredients” in InfoSight today.

The Federal Financial Institutions Examination Council has released updates to four sections of the BSA/AML Examination Manual...

The National Credit Union Administration has announced it will host credit union leaders, credit union trade and support organizations, and diversity and inclusion professionals during the NCUA’s second Diversity, Equity, and Inclusion (DEI) Summit.

On Friday, June 18, 2021, CFPB Acting Director Dave Uejio issued the following statement...

The FHA recently announced updates to its student loan monthly payment calculations, taking steps to remove barriers and provide more access to affordable single family FHA-insured mortgage financing for creditworthy individuals with student loan debt, which has a disproportionate impact on people of color.

Pending NCUA rulemaking of note includes...

Question: Do we need to close in recognition of Juneteenth (or the Friday prior as observed this year), which was just signed into law as the newest Federal holiday? Answer: It’s a business decision.

Make sure you check out the recently added Cannabis- and Hemp-Related Accounts topic under the Accounts channel in InfoSight!