Compliance Watch

As a clarification to the last question of last year, is it possible for a trust to permit an agent over Power of Attorney (POA) to exercise trustee powers if that POA gives the agent power to handle financial affairs for the trustee as an individual?

We have an agent under power of attorney for a member who wants to transact on a trust that the member is trustee for. Does that POA allow that agent to act as trustee?

On Thursday, Dec. 11, the National Credit Union Administration (NCUA) issued several proposed rules.

As the holiday season arrives, it brings with it a welcome pause from the rush of everyday life—a chance to reconnect, reflect, and appreciate the people and moments that truly matter.

Please clarify whether the new Vehicle Loan Tax Deduction applies to the interest on a 2025 refinanced loan that originated in 2023? Or does the original loan need to be originated in 2025 for the refinance to qualify?

On Nov. 13, the CFPB issued a proposed rule that would make several changes to the small business lending data collection requirements found in Subpart B of Regulation B.

In follow-up to President Trump’s executive order directing all federal agencies to eliminate disparate impact liability from their rules and regulations, on Nov. 13 the CFPB issued a proposed rule that would make several changes to Regulation B.

As we close out another year, we want to take a moment to celebrate the progress we’ve made together. 2025 has been a year of growth, innovation, and meaningful collaboration with our league/association partners and of course, our credit union clients.

Have you taken the first step in making your compliance journey smoother? Registering for your InfoSight360 account is like opening the door to a whole new world of support and resources.

On Tuesday, Nov. 18, the White House announced that President Trump has nominated Stuart Levenbach, an associate director at the Office of Management and Budget, to head the Consumer Financial Protection Bureau (CFPB).