Compliance Watch

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?”

Credit unions can get valuable new information about loan risks on a March 22 webinar hosted by the National Credit Union Administration.

Federally insured credit unions, overall, experienced continued growth in assets, shares and deposits, and loans during 2022, according to the latest Quarterly U.S. Map Review released today by the National Credit Union Administration.

The Consumer Financial Protection Bureau has launched an inquiry into companies that track and collect information on people’s personal lives.

With the recent failure of two large banks, our credit union would like to proactively reassure our members that their funds on deposit are safe. Can you direct me to some resources I can use for this purpose?

Effective Sept. 1, 2023, credit unions will need to comply with the new amendments to Part 748 of the NCUA Regulations to report cyber incidents as soon as possible, but not later than 72 hours after the possible cyber incident is believed to have occurred.

League InfoSight is excited to announce that it is working on a complete product redesign to bring InfoSight, CU PolicyPro, and RecoveryPro together into one platform.

The Consumer Financial Protection Bureau released a special edition of its Supervisory Highlights that reports on unlawful junk fees uncovered in deposit accounts and in multiple loan servicing markets, including in mortgage, student, and payday lending.

Credit unions can get valuable new information about loan risks on a March 22 webinar hosted by the National Credit Union Administration.