Compliance Watch

Let us help you achieve your compliance resolutions for 2022.

The CFPB has notified email update subscribers that the filing period for HMDA data collected in 2021 opened on Jan. 1, 2022.

The Department of Defense has published [86 FR 73263], a Federal Register notice of a scheduled change to the Military Lending Act Database.

NCUA issued a Regulatory Alert (21-RA-11) with the 2022 annual adjustments for three exemption thresholds under the Truth in Lending Act (TILA or Regulation Z) and the Consumer Leasing Act (CLA or Regulation M).

“Many financial institutions have credit products tied to the London Interbank Offered Rate (LIBOR) index..."

CUNA and NCUA encourage federally insured credit unions to complete the Voluntary Credit Union Diversity Self-Assessment by Jan. 15.

Question: How long after death can we pay debit cards and checks from a member’s account? Answer: UCC permits you to pay checks that were drawn up to or on the date of the member’s death for up to 10 days after that date, unless ordered to stop payment by a person claiming interest in the account.

Here’s your friendly reminder to update your Project Zip Code software and upload your relevant member/constituent data. If you haven’t already done so, please make your updates by Jan. 14, 2022.

From the League InfoSight team, we wish you a wonderful holiday season and peace, joy, and prosperity in 2022!

The CFPB recently posted an update of its Compliance Aid "Electronic Fund Transfers FAQs," including these topics...