Compliance Watch

The FHFA has announced that Fannie Mae and Freddie Mac (the Enterprises) are extending the moratoriums on single-family foreclosures and real estate-owned (REO) evictions until June 30, 2021.

World Council of Credit Unions (WOCCU) is the global trade association and development platform for credit unions. WOCCU promotes the sustainable development of credit unions and other financial cooperatives...

Question: What documents do we need to transfer funds? Answer: If there are no surviving PODs or the depositor made no POD designations AND there are no joint owners, then you will need to acquire:

InfoSight is a FREE resource included with your Cornerstone League membership. Log in today to take advantage of this fantastic resource. If you’re new to InfoSight, here are some more frequently asked questions.

On Monday, Feb. 22, President Biden announced changes to SBA's coronavirus relief programs to ensure equity.

The Consumer Financial Protection Bureau has announced that, in partnership with the attorneys general of Massachusetts, New York, and Virginia, it is suing Libre by Nexus, Inc. and its owners for a predatory immigrant-services...

National Consumer Protection Week 2021 is coming up next week.

The National Credit Union Administration Board has approved a final rule amending its regulation governing the requirements for a share account to be separately insured as a joint account.

Question: If we raise a member’s interest rate on a credit card, can we choose to reevaluate that rate on an annual rather than semi-annual basis? Answer: No. If the increase was due to the changed credit risk of the member, market conditions, or other factors, you are required to review every six months to see if a member qualifies for a reduction.

The Oklahoma State Credit Union Board will conduct a Special Meeting on March 2, 2021, at 10 a.m. in the Oklahoma State Banking Department Conference Room at 2900 N. Lincoln Boulevard in Oklahoma City.