Compliance Watch

The IRS has announced further details of tax credits available under the American Rescue Plan to help small businesses, including providing paid leave for employees receiving or recovering from COVID-19 vaccinations.

The IRS has announced the disbursement of nearly 2 million payments worth nearly $3.4 billion in the sixth batch of Economic Impact Payments from the American Rescue Plan.

A report has been issued by the FTC staff highlighting the agency’s ongoing efforts to protect consumers during the COVID-19 pandemic.

Sen. Elizabeth Warren (D-Mass.) introduced a bill recently, the American Housing and Economic Mobility Act of 2021, which would not require credit unions to comply with the Community Reinvestment Act (CRA) but codifies existing community outreach, input, and oversight polices already present in NCUA regulations.

The National Credit Union Administration Board held its fourth open meeting of 2021 through a live audio webcast and was briefed on two matters...

An NCUA/FDIC joint webinar will be held April 27 (at 1 p.m.) regarding youth financial education in celebration of National Financial Capability Month, the agencies announced.

The National Association of State Credit Union Supervisors (NASCUS), in conjunction with Deirdra O’Gorman founder and principal, DX Consulting is pleased to offer Cannabis/Hemp eSchool.

Concerned that some payments will be intercepted to cover such things as unpaid overdraft fees, the Consumer Financial Protection Bureau encouraged financial institutions (including credit unions) and debt collectors to allow the payments to reach consumers in a March 17, 2021, statement.

Question: Do we need a wet-ink signature on a wire transfer? Answer: No, but you might want one. Both the Electronic Signatures in Global and National Commerce Act (E-SIGN) at the federal level and the Uniform Electronic Transactions Act (UETA) at the state level exclude wire transfers from coverage.

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