Compliance Watch

CUPolicy Pro, InfoSight, and RecoveryPro wish you a Happy Halloween.

In February 2021, the U.S. Census Bureau released the 2020 Census Data tract boundaries.

The Consumer Financial Protection Bureau has issued a series of orders to collect information on the business practices of large technology companies operating payments systems in the United States.

Through a live webcast, the National Credit Union Administration Board held its ninth open meeting of 2021 and approved two items, as announced in a recent press release...

The Department of Defense Military Lending Act website has announced a planned systems upgrade scheduled for Jan. 20, 2022.

Eligible low-income credit unions (LICU) may accept 30-year subordinated debt investments from the U.S. Department of the Treasury’s Emergency Capital Investment Program (ECIP), as detailed in a letter to credit unions by the National Credit Union Administration.

Question: Are we required to provide copies of cancelled checks? Answer: Yes. UCC 4-406 states that if you provide a statement showing payments of items on the account, you either return or make available to the member the items paid or provide information in the statement of account sufficient to allow the member reasonably to identify the items paid.

Through a live webcast, the National Credit Union Administration Board held its ninth open meeting of 2021 and approved two items...

InfoSight is not just for compliance officers. InfoSight is a FREE resource provided by Cornerstone League that gives you access to 15 major compliance areas with easy-to-read summaries, links to applicable laws, regulations, resources, checklists, and frequently asked questions.

According to the NCUA’s recent press release, the FBI’s Internet Crime Complaint Center, cybercriminals are targeting organizations that use popular cloud-based email services to conduct business email compromise scams.