Compliance Watch

Under 31 CFR 1020.220, a credit union’s Customer Identification Program (CIP) requires the collection of certain information in connection with the opening of a new account.

InfoSight360 is pleased to announce the deployment of its new learning management system (LMS), the InfoSight360 Learning Academy.

Last week, the CFPB published an interim final rule extending the mandatory compliance dates once again for its small business lending data collection rule.

Staying compliant isn’t just about understanding federal laws; it also means keeping up with state and local laws and regulations. InfoSight360 makes that easier.

What does a credit union do with a deceased person’s account in the event no beneficiaries or personal representatives step forward to claim the funds?

On July 1, 2025, several thresholds under the Expedited Funds Availability Act (Regulation CC) will be adjusted once again for inflation.

Whether you're streamlining your policy and procedure management, making sure your policies are audit-ready, or keeping up with federal law and regulatory changes, CU PolicyPro delivers unmatched value.

When is the credit union required to remit the levied funds to the IRS? Can the credit union remit the funds early? If allowed to remit early, under what circumstances?

The CFPB notified the White House OMB that it plans to review the loan originator compensation requirements found under the Truth in Lending Act and Regulation Z.

Compliance is a part of every credit union, although it may look very different between organizations based on the credit union’s size, staffing levels and staffing experience, product and service offerings, and geographical location.