Compliance Watch

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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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...