Compliance Watch

Learn about the steps your credit union must take to investigate the impact of a cyber attack.

Are we always required to provide provisional credit to a member who files a Regulation E dispute?

Our credit union is looking for information we can share with our members regarding how the probate process works. Are you aware of such a resource?

Spoofing is a scam where cybercriminals impersonate a company with a fake email address, display name, text message, or website URL to convince a target that they are a trusted, well-known source from the company.

Credit union audit, risk, and compliance pros in the Austin area on Dec. 6, are invited to a FREE luncheon and educational/networking event, courtesy of UFCU. Must RSVP.

It shouldn’t come as a surprise based on the NCUA’s budget and board member prepared remarks that they are creating consumer compliance specialist positions and starting the process to build out an enhanced consumer compliance exam program.

What types of transactions does the Office of Foreign Assets Control (OFAC) regulations cover?

The Federal Reserve Board and the Consumer Financial Protection Bureau today announced the dollar thresholds used to determine whether certain consumer credit and lease transactions in 2024 are subject to certain Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing) requirements.

The Consumer Financial Protection Bureau, the Federal Reserve Board, and the Office of the Comptroller of the Currency today announced that the 2024 threshold for whether higher-priced mortgage loans are subject to special appraisal requirements will increase.

The CFPB ordered Citi to pay $25.9 million in fines and consumer redress for intentionally and illegally discriminating against credit card applicants the bank identified as Armenian American.