Compliance Watch

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.

One of our members has asked to open a gun trust. What is a gun trust, and are we required to open this type of account?

Credit Union Day at the Capitol is for credit union advocates to gather for insights and trends from leaders of industry and government, followed by visits with elected officials about matters important to credit unions.

The Consumer Financial Protection Bureau is releasing updated Mortgage Servicing Examination Procedures, providing transparency to stakeholders about how we do our work.

The Consumer Financial Protection Bureau issued a new circular affirming that companies offering “negative option” subscription services must comply with federal consumer financial protection law.

Specifically relating to compliance required for the Telephone Consumer Protection Act exemptions for artificial or prerecorded voice calls made to residential telephone lines, ensuring each satisfies the TRACED Act's requirements to identify who can call, who can be called, and any call limits.

At the start of every new year, we have annual threshold changes that take effect in Regulation Z, Regulation D, Regulation C, and IRS Rules (to name a few).

Credit Unions need access to current, reliable, easy-to-understand compliance information, and that’s just what InfoSight provides.

In May of 2022, the Consumer Financial Protection Bureau started creating and issuing Circulars.