Compliance Watch

Question: Our member brought in a check from 2017 and wants to file a claim that the check was forged. How long do they have to make the claim? Answer: It’s dependent on state law.

Find out how you can make sure your dashboard is showing the correct updates.

The federal banking agencies, in consultation with the Financial Crimes Enforcement Network and the National Credit Union Administration, recently issued a joint statement addressing how risk management principles described in the “Supervisory Guidance on...

Fannie Mae, in Lender Letter LL-2021-09, and Freddie Mac, in Guide Bulletin 2021-13, announced that any loans purchased by the GSEs after July 1, 2021, must conform to the requirements outlined in the CFPB’s recently finalized QM final rule.

The Northwest Credit Union Association is providing its member credit unions with a suite of resources documenting credit unions’ economic and community impact throughout the past year.

The CFPB has announced an action against SettleIt, Inc., a California-based online debt-settlement company, for taking advantage of consumers, failing to disclose its relationship to certain creditors, and steering consumers into high-cost loans offered by affiliated lenders.

Question: We have an account for a sole proprietor that has recently died. Who do the assets go to since it is a business?

With InfoSight and CU PolicyPro, your credit union has at its disposal a comprehensive suite of policies and regulatory compliance guidance written especially for credit unions by legal and financial experts.

Just because consumer financial protection flexibilities are a thing of the past does not mean your future should be filled with stress.

The Consumer Financial Protection Bureau on Monday announced it has proposed a set of rule changes intended to help prevent avoidable foreclosures as COVID-19 emergency federal foreclosure protections expire.