Compliance Watch

On Sept. 23, 2022, the United States District Court for the District of Columbia issued an order vacating the portion of the Consumer Financial Protection Bureau’s 2020 Home Mortgage Disclosure Act Final Rule that amended the reporting threshold for closed-end mortgage loans.

On Nov. 26, 2021, the final rule amending NCUA regulation part 712 – Credit Union Service Organizations (CUSOs) went into effect.

The ability of credit unions to weather financial shocks draws consumers to them during times of crises...

Small-asset credit unions wear a lot of hats. Make sure you are taking advantage of the member benefits and specific SAS resources offered at either no cost or discounted pricing.

The Federal Deposit Insurance Corporation recently amended its regulations governing deposit insurance coverage, effective April 1, 2024. Does NCUA plan to change National Credit Union Share Insurance Fund coverage to offer parity?

The National Credit Union Administration Board held its first open meeting of 2023 and approved two items.

The Consumer Financial Protection Bureau proposed a rule to curb excessive credit card late fees that cost American families about $12 billion each year.

The latest issue of Consumer Compliance Outlook is now available for download.

I’m not a fan of social media. From both my personal and professional perspectives, I’ve always been of the mindset that if I work hard, stay focused and put all my energy and passion into my family/friends/work, people will see and appreciate that approach and want to be a part of it.

Credit unions are in a unique position to detect and prevent financial abuse for their elder and vulnerable members.