Compliance Watch

We have some members who have been using smart glasses inside the credit union. What kinds of things should we be concerned about, and how can we mitigate any privacy risks?

A new IRS account for minors is moving from concept to rulemaking. Here’s what’s proposed, who qualifies, and when comments close.

NCUA is proposing changes to Part 749 that could reduce record-retention burden and clarify expectations. Comments are due May 11, 2026.

If our member lives out of state, to where do we report dormant property, our state where we operate or where the member lives?

When one of our members makes a Reg E claim, and the amount is below the credit union's chargeback threshold, we do not investigate. The credit union simply...

Join InfoSight360 Director of Regulatory Compliance Counsel Michael Christians on April 21, from 9 a.m. to 3 p.m. EDT for mortgage loan originator training.

If we are filing SARs for ongoing suspicious activity, at what point would we be required to submit the second SAR?

I know that accounts with EFT activity should receive a monthly statement, and that if there is no EFT activity, a quarterly statement is issued. Are we allowed to send only annual statements to accounts with balances under $500 and no activity?

With InfoSight360, you can feel confident that you have the support you need to stay compliant across the country.

On Feb. 13, the Financial Crimes Enforcement Network (FinCEN) issued an order granting exceptive relief from certain requirements under the agency’s 2016 Customer Due Diligence (CDD) Rule.