Compliance Watch

On March 18, the Small Business Administration issued a new Paycheck Protection Program interim final rule.

OFAC has announced it has published 86 FR 14534, a final rule amending its regulations to implement for 2021 the Federal Civil Penalties Inflation Adjustment Act of 1990.

The items discussed at the March meeting of the NCUA Board included...

New RISK Alerts now available from CUNA Mutual Group.

Check out the Required Compliance Training information that has been added under the Resources area of InfoSight.

Just imagine a day without InfoSight. How would you find the resources you need?

We have an executor that is disputing certain transactions for a deceased member under Reg E. Can they do that?

Question: With the passage of HR 1319, the American Rescue Plan of 2021, our members have started to receive their $1,400 (and most times more) stimulus payments. Can we offset against past-due or charged-off loans, or recoup deficiencies in a deposit account? Answer: Yes. These payments were not provided with the same protections against garnishment, attachment, seizure, or other legal process as were the $600 payments of late 2020.

InfoSight provides immediate access to current compliance topics​ that explain each issue (in laymen’s terms), how it affects credit unions​, and what credit unions need to do (i.e., the action steps needed)​.

Please join the Consumer Financial Protection Bureau, Federal Housing Finance Agency, Department of Housing and Urban Development, Department of Agriculture, and Department of Veterans Affairs on Monday, March 22...