Compliance Watch

How should our credit union handle member address change requests?

The National Credit Union Administration on Thursday released the March 2023 update of its Simplified CECL Tool.

The National Credit Union Administration Board held its third open meeting of 2023 and approved a final rule on subordinated debt.

The HMDA Modified Loan Application Register data for 2022 are now available on the Federal Financial Institutions Examination Council’s HMDA Platform for approximately 4,394 HMDA filers.

The Consumer Financial Protection Bureau launched an improved survey of credit card issuers that can help consumers and families compare interest rates and other features when shopping for a new credit card.

The recent SVB failure has raised member concerns for many credit unions. Help equip your employees to answer questions and assure members about NCUSIF coverage through the Account Insurance Estimator, a dues-supported tool available through InfoSight.

It’s true, League InfoSight is working on the next round of CU PolicyPro content updates, and there are more changes on the way that resulted from CECL and the elimination of accounting guidance for Troubled Debt Restructurings (TDRS).

The first round of Compliance Madness did not disappoint!

Can our credit union, as a mortgage lender, be held liable for relying on an appraisal done by a third party that was discriminatory?

While many of us in the industry are curious to know more of the details around exactly what went wrong with the recent bank failures, our members’ concern is probably not, “what went wrong” but rather, a question of “is my money safe?”