InfoSight eNewsletter
Featured Post
NCUA releases 2021 Credit Union Diversity Self-Assessment results
The National Credit Union Administration released the results of the 2021 Credit Union Diversity Self-Assessment (CUDSA). The NCUA administers the voluntary CUDSA as a tool to help federally insured credit unions assess, guide, and monitor their diversity, equity, and inclusion efforts and compare their progress with peer organizations.
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FTC Details Its Enforcement Actions to Crack Down on Fraud Against the Military Community in Testimony Before House Oversight Subcommittee
The Federal Trade Commission testified before the House Committee on Oversight and Reform Subcommittee on National Security about the aggressive action the agency is taking to crack down on fraud and related threats against servicemembers and the broader military community. -
Question of the Week
Question: If one of our members included our loan in a Chapter 13 bankruptcy and we later learn the case has been dismissed, can we collect again? Answer: Maybe? Chapter 13 bankruptcy plans often fail because members are unable to complete their repayment plans for the term of the repayment. In the event that this occurs, the member or another party may ask the court to dismiss the bankruptcy case, which nullifies the filing. -
RecoveryPro Makes Updates Easy
RecoveryPro provides the blueprint for your credit union’s emergency preparedness, ensuring effective incident response and recovery from an unexpected event. -
New InfoSight Content: New Compliance Videos
We are excited to announce two new compliance videos in InfoSight. -
CFPB: Permissible Purposes for Pulling and Using Credit Reports
The CFPB recently announced its issuance of a legal interpretation to ensure that companies that use and share credit reports and background reports have a permissible purpose under the Fair Credit Reporting Act. -
Joint Statement on Customer Due Diligence
The NCUA has joined other agencies in issuing a Joint Statement on the Risk-Based Approach to Assessing Customer Relationships and Conducting Customer Due Diligence. -
FHA Mortgage Eligibility Expanded for Borrowers Affected by COVID-19
The Federal Housing Administration has announced new flexibility for lenders when qualifying borrowers who experienced previous employment gaps or loss of income due to the COVID-19 pandemic. -
Question of the Week
Question: Can a person take out a HELOC for educational purposes? Answer: Yes, but the loan would not be classified as a private education loan requiring additional disclosures. -
Happy 4th of July
From our family to yours, we wish a happy, fun-filled, and safe Fourth of July! Please note that the League InfoSight and CU Solutions Group offices will be closed on Monday, July 4, in observance of the holiday. -
New InfoSight Content
We are happy to announce that a new topic to assist credit unions, Safe Deposit Boxes, has been added to the Accounts Channel in InfoSight.
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