Compliance Watch

In March 3, 2021, the Small Business Administration issued a new Paycheck Protection Program interim final rule to allow individuals who file an IRS Form 1040, Schedule C...

The CFPB has announced it has issued an interpretive rule clarifying that the prohibition against sex discrimination under the Equal Credit Opportunity Act and Regulation B includes...

FinCEN has issued Notice FIN-2021-NTC2 to inform financial institutions about...

Question: We have a member that lives out of state whose property is reaching the dormancy period for turnover to the state that applies where we operate. However, in their state of residency the period before turnover is longer. Which timeframe applies?

Questions are starting to roll in to Cornerstone’s Information Central regarding how best to handle Gov. Greg Abbott’s latest executive order GA-34, which lifts the mask mandate in Texas and increases capacity of all businesses and facilities in the state to 100%. First, it’s importa

The following updates were made in February...

The Federal Financial Institutions Examination Council (FFIEC) has released updates to four sections of the FFIEC Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual...

It's Consumer Finance Protection Week. MyCreditUnion.gov has the NCUA Fraud Prevention Center, featuring tips on how to recognize common scams and what consumers can do to protect their finances from fraud.

The Federal Communications Commission has published at 86 FR 11443 in a recent Federal Register a final rule to implement the Pallone-Thune Telephone Robocall Abuse Criminal Enforcement and Deterrence Act (TRACED Act).

FinCEN has issued Advisory FIN-2021-A002, on Financial Crimes Targeting COVID-19 Economic Impact Payments [a/k/a "Stimulus Payments"].