Compliance Watch

With the budgeting season underway, we want to remind our members to reserve some professional development dollars for IMPACT 2024: Cornerstone Annual Meeting. In 2024, this foremost event takes place April 3–5 at the Loews Kansas City Hotel in Kansas City, Mo.

Cornerstone is now inviting League members to attend a FREE webinar covering important insights and information about how to avoid making mistakes with ERC that could result in your credit union having to pay the IRS exorbitant interest and fees.

It’s no secret that the NCUA has been trying to gain authority over third-party vendors that provide services to federally insured credit unions. In addition to direct comments from NCUA board members, there have been multiple publications.

The National Credit Union Administration awarded $3.1 million in Community Development Revolving Loan Fund grants to 142 low-income and minority depository institutions, the agency announced.

National Credit Union Administration Chairman Todd M. Harper issued a statement welcoming President Joseph R. Biden’s nomination of Tanya Otsuka of Virginia to the NCUA Board.

Credit reports are used to make decisions that affect every facet of people’s lives. Credit reports compiled by consumer reporting companies are used by lenders, insurers, employers, landlords, and others—yet these reports frequently contain errors.

At the Consumer Financial Protection Bureau, consumer complaints help drive our work. Each week, we send more than 20,000 complaints to companies for response, and last month we published our four-millionth complaint.

What is the Rapson Rule, and how does it apply to post-repossession sales?

Still Time to Register! Join your peers in Washington, D.C., at NCUA’s 2023 DEI Summit...

The National Credit Union Administration Board held its eighth open meeting of 2023...