Compliance Watch

The cybersecurity authorities of the United States, Australia, Canada, New Zealand, and the United Kingdom have released a joint Cybersecurity Advisory (CSA) to warn organizations that Russia’s invasion of Ukraine could expose organizations both within and beyond the region to increased malicious cyber activity from Russian state-sponsored cyber actors or Russian-aligned cybercrime groups.

CU PolicyPro has a variety of auditing tools to help you stay on top of changes and ensure your policies are up to date.

The Consumer Financial Protection Bureau on April 15 announced it has submitted its annual report to Congress, which summarizes activities of the Fair Debt Collection Practices Act (FDCPA).

This week, the Federal Housing Finance Agency issued the FHFA Strategic Plan: Fiscal Years 2022-2026, which provides a framework of the agency’s priorities for the coming years as the regulator of the Federal Home Loan Bank System and conservator of Fannie Mae and Freddie Mac (the enterprises).

The NCUA Board unanimously approved an interagency notice of proposed rulemaking that would amend the Uniform Rules of Practice and Procedure via notation vote.

The NCUA recently released its new Charter Application Guide and other resources to assist people in navigating the process of applying for a new federal credit union charter.

The FHA announced that it is adding a new, 40-year modification option for mortgage servicers to use in conjunction with its partial claim option to assist additional borrowers who are behind on their mortgage payments for FHA Title II forward mortgages.

The Consumer Financial Protection Bureau on Tuesday announced it has filed a lawsuit against TransUnion, two of its subsidiaries, and longtime executive John Danaher for violating a 2017 law enforcement order that was issued to stop the company from engaging in deceptive marketing, regarding its credit scores and other credit-related products.

The CFPB has published at 87 FR 20771 in a recent Federal Register a proposed rule amending Regulation V that would implement amendments to the Fair Credit Reporting Act that assist consumers who are victims of trafficking.

The NCUA has issued its Community Development Revolving Loan Fund Report to Congress, which includes a complete list of grant and loan awardees and a breakdown of awardees and funding by state in 2021.