Compliance Watch

Looking at compliance through the eyes of a child offers an opportunity to rethink your processes and help keep staff engaged and motivated to meet the credit union’s compliance goals.

Our credit union utilizes the Office of Foreign Assets Control (OFAC) website to manually search Sanctions Lists. I heard OFAC is retiring its File Transfer Protocol (FTP) server. Does this mean we will have to hire an outside vendor to perform this service?

As a result of the California Reinvestment Coalition’s 2019 successful lawsuit, the Consumer Financial Protection Bureau was forced to implement dormant portions of the 2010 Dodd-The CFPB finally released rules on March 31, 2023.

Registration is now open for the National Credit Union Administration’s fourth summit focused on diversity, equity, and inclusion.

For federally insured credit unions, median asset growth and growth in shares and deposits declined slightly over the year ending in the first quarter of 2023.

The Consumer Financial Protection Bureau released its annual report on the top financial concerns facing military families.

Phase 1 is underway!

In recognition of National Homeownership Month, the NCUA is hosting a webinar to discuss federal government efforts to combat bias in home valuations and increase opportunities for homeownership.

Five federal regulatory agencies requested public comment on proposed guidance addressing reconsiderations of value (ROV) for residential real estate transactions.

World Council of Credit Unions’ Senior Vice President of International Advocacy Andrew Price on May 31 outlined the various ways credit unions play a key role in growing financial inclusion for rural and underserved communities.