Compliance Watch

FinCEN has issued a Request for Information seeking comments on ways to streamline, modernize, and update the BSA regulations and guidance. RFI Comments are due Feb. 14, 2022.

Following the NCUA Board’s approval of a final rule that simplifies the risk-based capital requirements for eligible, complex credit unions, and as part of its Call Report Modernization Initiative, the NCUA has modified the Call Report, Form 5300, beginning with the March 2022 reporting cycle.

To allow federal credit unions more time to complete and submit the voluntary Credit Union Diversity Self-Assessment, the National Credit Union Administration has extended the deadline from Jan. 15 to Jan. 31, 2022.

Question: Do we need to disclose (send out a formal change in terms) any change to our fee schedule? Answer: Your obligations to send out a change in terms are covered by 12 CFR 707.5...

Pursuant to rules and regulations promulgated by the Committee for Incentive Awards for State Employees, state employees shall be recognized for their length of service to the state.

Here’s your friendly reminder to update your Project Zip Code software and upload your relevant member/constituent data in advance of governmental affairs conferences that are just weeks away.

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).