Compliance Watch

Having your identity stolen can be a real nightmare. Take these simple steps to protect yourself immediately.

During the week of Aug. 29, invoices for the first installment of the Operating Fee for Fiscal Year 2023 will be mailed to all credit unions.

Question: What makes a power of attorney (POA) durable? Answer: Durability means that powers delegated to an agent under POA do not expire when the person creating the POA becomes incapacitated or incompetent.

Credit unions need up-to-date compliance information on a daily basis, and that's just what InfoSight provides.

The Federal Housing Finance Agency and Government National Mortgage Association issued a joint announcement of their updated minimum financial eligibility requirements for seller/servicers and issuers.

Registration is now open for the Credit Union National Association Governmental Affairs Conference. The annual meeting will be held at the Walter E. Washington Convention Center in Washington, D.C., Feb. 26 to March 2, 2023.

The Federal Trade Commission is seeking additional public comment on how children are affected by digital advertising and marketing messages that may blur the line between ads and entertainment.

Question: We’ve had a lot of members filing frivolous Reg E disputes. Can we charge a fee for a dispute? Answer: Reg E does not restrict a covered institution from charging for a dispute that ends up not being an error, but does mention in the commentary that members should not be charged for good-faith disputes.

When it comes to business continuity planning, the process doesn’t have to be overwhelming. RecoveryPro is built to make everything manageable.

Increasing the Same Day ACH dollar limit to $1 million per payment posed no greater fraud risk than the prior $100,000 threshold, a new survey by Nacha’s Risk Management Advisory Group found.