Compliance Watch

A new late-night legend has started. But it’s not challenging Colbert, Fallon, Kimmel, or SNL.

The National Credit Union Administration released a new tool to help small credit unions comply with the Financial Accounting Standards Board’s accounting standard on current expected credit loss, or CECL, which goes into effect for most credit unions at the start of 2023.

Even minor inaccuracies on a credit report can lead to a consumer being denied a loan, housing, or a job.

Question: We had a non-member come in asking what kind of paperwork or legal action they needed to take to make a claim on a deceased member’s estate. What do you recommend we tell them? Answer: I would never advise that you provide any legal advice to any person regarding estate matters.

InfoSight is a FREE resource for affiliated credit unions.

MLA's next system release (version 5.14) is scheduled for Tuesday, Sept. 13, and will include the following changes...

The National Credit Union Administration has awarded more than $1.5 million in Community Development Revolving Loan Fund grants to help 90 low-income credit unions expand outreach to underserved communities participate in mentoring relationships, receive training, and improve digital services and security.

This week we confirmed that scammers are using CFPB employee’s names and imagery to try and steal your money.

Question: Under Reg E, if a member writes their PIN on the back of the card, can we use that negligence to deny a dispute? Answer: No. To quote Commentary to Reg E...

This system includes a beautiful, modern, and easy-to-navigate design to help all users easily find, view, and print model policies, the credit union’s own customized policies, and published manuals.