Compliance Watch

As Lahaina, Hawaii, works to recover from the destruction caused by wildfires, the National Credit Union Administration is monitoring the situation closely and has resources available to help affected credit unions.

CFPB Director Rohit Chopra made remarks at a White House Roundtable on Protecting Americans from Harmful Data Practices and announced the Bureau will launch a rulemaking to ensure that digital data brokers are not misusing or abusing consumers' sensitive data.

Global Women’s Leadership Network is pleased to announce its 2023 Empowerment Grant winners: Enkhchimeg Nergui, partnership specialist, Mongolian National Confederation of Credit Unions, and Violet Ndungu, CEO, Muki Sacco (Kenya).

Effective on or after Aug. 25, 2023, FCUs will now have the option to amend their bylaws to provide their board of directors with the authority to expel a member for cause.

CU Risk Intelligence (CURI) is an alliance of credit union leagues, league service corporations, and CUSOs delivering scalable risk management and compliance solutions to suit credit unions of all sizes and levels of sophistication.

Does the new National Credit Union Administration Cyber Incident Notification Requirements rule only apply to federally chartered credit unions?

The CFPB recently issued guidance on overdraft protection programs and associated risks. One of the areas of focus concerns representment fee practices.

The Federal Financial Institutions Examination Council, on behalf of its members, released updates to the following sections of the Bank Secrecy Act/Anti-Money Laundering Examination Manual.

The Consumer Financial Protection Bureau filed a lawsuit in federal court against auto-loan servicer USASF Servicing for a host of illegal practices that harmed individuals with auto loans.

Six federal regulatory agencies requested public comment on a proposed rule designed to ensure the credibility and integrity of models used in real estate valuations.