Compliance Watch

The IRS has announced it has posted two new, separate sets of frequently-asked-questions to assist families and small and midsized employers in claiming credits under the American Rescue Plan (ARP).

With the possibility of legislation passing and to better assist credit unions with resources to open cannabis- and hemp-related accounts, we have developed new content and resources from our League partners.

Changes in business processes and technology, increased terrorism concerns, recent catastrophic natural disasters, and of course, COVID-19 have revealed the critical need for effective business continuity planning.

The Consumer Financial Protection Bureau (CFPB) has added to its Mortgage Servicing FAQs webpage a set of 23 new FAQs that discuss selected topics relating to escrow accounts under Regulation X.

As a response to the ongoing COVID-19 pandemic and economic impact, Congress passed H.R. 1319, the American Rescue Plan Act (ARPA) of 2021, which President Biden signed into law on March 11, 2021.

NCUA’s latest Regulatory Alert (21-RA-07) covers the March 16 interpretive rule clarifying the prohibition against sex discrimination...

NCUA recently issued Letter 21-CU-04 to Credit Unions providing important updates regarding PCA regulations.

The Consumer Financial Protection Bureau (CFPB) is holding a free webinar highlighting the findings in our recent report Measuring the financial well-being of Hispanics.

Question: If we have a joint account without rights of survivorship and one member dies, what is the best method to manage the remaining member? Answer: Joint accounts are presumed to belong to both members on an account in equal shares, so when one member dies, half of the funds on deposit are presumed to belong to the estate of the deceased member, and the other half to the surviving member.

A lack of clarity can devalue, diminish, or even disrupt your virtual meetings. Let us show you how to connect with your team productively and focus on the most important work at hand at our upcoming webinar.