Compliance Watch

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...

FinCEN has issued a Request for Information seeking comments on ways to streamline, modernize, and update the anti-money laundering and countering the financing of terrorism (AML/CFT) regime of the United States.

Federally insured credit unions are invited to complete the Voluntary Credit Union Diversity Self-Assessment before Jan. 15, 2022.

The CFPB announced that its recently released Fall 2021 Supervisory Highlights report reveals legal violations identified in the Bureau's examinations in the first half of 2021.

The NCUA announced in a recent press release that it has awarded $100,000 in grants to four minority depository institution credit unions to support mentoring programs with larger institutions.

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.

Question: Can a person presenting a Power of Attorney (POA) over a person that represents a trust as trustee exercise powers over that trust? Answer: No. A POA delegates powers that an individual could exercise over their own affairs. It cannot be used to transfer powers delegated to an individual by a trust document.

Security, data recovery, and peace of mind are priceless when faced with a catastrophic loss. RecoveryPro guides credit unions through the creation, maintenance, and testing of robust business continuity plans (BCPs).