InfoSight eNewsletter
Featured Post
Heads Up: Dec. 1 Webinar on Bankruptcies!
The good news is that bankruptcies have diminished during the pandemic by virtue of “enhanced” unemployment benefits and moratoria on foreclosures and evictions. The not-so-good news is that the benefits and moratoria have now expired, so landlords and mortgage lenders can be expected to resort to legal remedies.
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Question of the Week
Question: I hear Truth-in-Savings referred to as Regulation DD (12 CFR Part 1030). Should I be referencing this section with regard to our compliance obligations? Answer: No. According to Regulation DD itself, coverage applies “depository institutions, EXCEPT for credit unions.” -
Texas Credit Union Commission Rules Meeting and Commission Meeting
The Texas Credit Union Commission will meet on Aug. 26 to conduct a discussion of upcoming rule changes and to have its regularly scheduled meeting on Aug. 27. -
Summaries of Important Legislation from the Texas 87th Regular Session (Part 2)
Over the next few weeks leading up the effective date of Sept. 1 for many bills, we will be publishing summaries in the newsletter from the last legislative session. -
Sometimes It's a Struggle to be Small
Small asset size credit unions (currently under $100 million as defined by the NCUA) have different tools and resources at their fingertips that should be utilized. -
Second Wave of Advance Child Tax Credits Issued
The IRS and Treasury have announced that millions of American families are now receiving their advance Child Tax Credit (CTC) payment for the month of August as direct deposits begin posting in bank accounts and checks arrive in mailboxes. -
HUD and FHFA Announce Fair Housing/Lending Agreement
HUD and FHFA have announced that they have entered into a first-of-its-kind collaborative agreement regarding fair housing and fair lending coordination. -
Credit Card Limits Trending Upward
The CFPB has examined whether credit has tightened on existing credit card accounts. -
Fannie and Freddie Stress Test Results
The Federal Housing Finance Agency has announced that it is providing the results of the 2020 and 2021 annual stress tests Fannie Mae and Freddie Mac were required to conduct under the Dodd-Frank Wall Street Reform and Consumer Protection Act. -
NCUA Implements Modernized Systems and Tools
In a recent Letter to Credit Unions(21-CU-08), the NCUA provides updates on technology efforts and outlines the implementation of key software tools. -
Summaries of Important Legislation from the Texas 87th Regular Session
Over the next few weeks, leading to the effective date of Sept. 1 for many bills, we will be publishing summaries in the newsletter from the last legislative session.
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