Compliance Watch

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.

FinCEN Acting Director Himamauli Das, in prepared remarks at the FDIC-FinCEN Tech Sprint demonstration day on April 8, 2022, explained how the Tech Sprint and its focus on digital identity fit into the broader FinCEN picture.

On April 4, the U.S. State Department formally launched the Bureau of Cyberspace and Digital Policy, (CDP) as part of a longstanding effort to weave international diplomacy into federal efforts to combat the rise of malicious nation-state cyberattacks and the proliferation of criminal ransomware.

Business Continuity Planning is the practice of asking “What if...?” questions, then creating plans and preparing to address them. RecoveryPro guides credit unions through the creation, maintenance, and testing of robust business continuity plans (BCPs).

I know members have to opt in for overdrafts on ATM or one-time debit card transactions, but do they have to opt in for overdraft/courtesy pay on other kinds of transactions like checks, recurring debits, or ACH?

Few opportunities remain to get in on this year’s Ambassador Program—the only in-person learning experience that teaches you how to be an advocacy pro for credit unions.