InfoSight eNewsletter

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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. 

  • CFPB Releases More Resources for Military Consumer Month

    For 3rd week of Military Consumer Month, the Consumer Financial Protection Bureau’s Office of Servicemember Affairs is emphasizing two vital military consumer protection laws: the Military Lending Act (MLA) and the Servicemembers Civil Relief Act (SCRA).
  • Additional COVID Recovery Options for Homeowners

    The Federal Housing Authority on Friday announced additional streamlined COVID-19 recovery options to help homeowners with FHA-insured mortgages who have been financially impacted by the COVID-19 pandemic bring their mortgage current and remain in their homes.
  • CFPB Amends Mortgage Servicing Requirements for Borrowers Affected by the COVID-19 Emergency

    On June 30, 2021, the Consumer Financial Protection Bureau published Regulatory Alert​ 21-RA-08 in the Federal Register, a final rule temporarily amending certain mortgage servicing requirements under Regulation X to assist borrowers affected by the COVID-19 emergency.
  • Nacha Opt-In Program for Returning Bogus Unemployment Benefits

    Nacha has created an opt-in program to better facilitate the return and recovery of potentially fraudulent unemployment benefits originally paid by ACH credits.
  • Question of the Week

    Question: We have a member that designated his account as payable on death, with four persons to receive proceeds of the account upon his death. That member has since passed, but only two of the four beneficiaries outlived the member. Since that time, we’ve had the surviving family members of the deceased beneficiaries ask for their share of the account funds. Can we pay a share to them, or can we only pay to the surviving beneficiaries?
  • The Monsters Under Your Bed Could be Real

    The monsters under your bed are real. With InfoSight they can be tamed.
  • FinCEN Exchange on Ransomware

    FinCEN has announced it will convene a FinCEN Exchange in Aug. 2021 with representatives from financial institutions, other key industry stakeholders, and federal government agencies to discuss ongoing concerns regarding ransomware, as well as efforts by the public and private sectors.
  • FHFA Cancels Adverse Market Refinance Fee

    The Federal Housing Finance Agency has announced that Fannie Mae and Freddie Mac will eliminate their controversial Adverse Market Refinance Fee for loan deliveries effective Aug. 1, 2021.
  • Procedural Notice on PPP Guarantee Purchases and Charge-Offs

    The Small Business Administration has issued Procedural Notice 5000-812316, "PPP Guaranty Purchases, Charge-Offs, and Lender Servicing Responsibilities," on how lenders can apply to have SBA purchase and charge off Paycheck Protection Program loans for which the borrower has not applied for forgiveness or made payment on the loan.
  • Direct Deposit of Child Tax Credit Has Begun

    The IRS and the Treasury recently announced that millions of American families have started receiving monthly Child Tax Credit payments as direct deposits began posting in bank accounts and checks arrived in mailboxes.


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