Compliance Watch

I heard May is Older Americans Month. Our credit union would like to raise awareness of financial crimes perpetrated against older Americans and implement best practices to reduce the potential for financial crimes against our members. Where can I learn more about this topic?

The National Credit Union Administration Board held its fourth open meeting of 2023 and approved a request for information on climate-related financial risk.

The Consumer Financial Protection Bureau proposed a rule to implement a congressional mandate to establish consumer protections for residential Property Assessed Clean Energy (PACE) loans.

The Consumer Financial Protection Bureau published a report on high-cost specialty financial products, such as medical credit cards, that are sold to patients as a way to alleviate the growing costs of medical care.

Just this week, the CFPB issued a proposed rule for amendments to the Truth in Lending Act to support PACE financing.

Many users already know that InfoSight provides access to state-specific information about more than 30 topics for their home state, but they also have the ability to view state-specific information for all 50 states.

I was not able to attend the recent NCUA Share Insurance Webinar. Is a recording available?

The CFPB has provided resources to help the industry understand and comply with the small business lending rule, which implements section 1071 of the Dodd-Frank Act.

The NCUA has released a revised Interagency Policy Statement on Allowances for Credit Losses.

The Consumer Financial Protection Bureau issued guidance on debt collectors, covered by the Fair Debt Collection Practices Act, threatening to foreclose on homes with mortgages past the statute of limitations.