Compliance Watch

The Consumer Financial Protection Bureau (CFPB) released a special edition of its Supervisory Highlights focused on the agency’s efforts to protect consumers from illegal junk fees.

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 today.

I’d like to preface this article by saying that the CFPB’s most recent Advisory Opinion technically only applies to institutions they supervise - credit unions (and banks) over $10 billion in assets. However, when these Advisory Opinions are issued, it’s important for all credit unions to take note.

CDRLF Success Stories Webinar October 25, 2023 and NCUA & FTC Webinar on Protecting Your Credit and Identity October 26, 2023.

If we advertise our share accounts on an outdoor billboard, are there any special rules that apply?

If you haven’t already done so, please take a moment to complete League InfoSight’s annual survey.

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.