Compliance Watch

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.

Make sure you’re seeing all the RISK Alerts. Use the gear icon on the InfoSight dashboard and check the RISK Alerts box.

The National Credit Union Administration Board has issued a press release and published an interim final rule that temporarily modifies certain regulatory requirements to help ensure federally insured credit unions remain operational and able to provide needed financial services during the COVID-19 pandemic.

The Federal Trade Commission announced it has charged St. Louis-based chiropractor Eric Anthony Nepute and his company Quickwork LLC with violating the COVID-19 Consumer Protection Act and the Federal Trade Commission Act...

The NCUA has announced that low income-designated credit unions seeking Community Development Revolving Loan Fund (CDRLF) grants in 2021 will be able to apply between May 3 and June 26.

The CU DEI Collective recently launched its new website, which is designed to provide a robust collection of DEI resources and opportunities to all members and supporters of the credit union family.

More than 1,500 credit union executives and volunteers from more than 60 countries are expected to attend the virtual 2021 World Credit Union Conference, July 14–21, 2021.