InfoSight eNewsletter
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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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FinCEN Advisory on Elder Financial Exploitation
This past Wednesday, June 15 was World Elder Abuse Awareness Day. FinCEN has issued Advisory FIN-2022-A002 on Elder Financial Exploitation (EFE), which involves the illegal or improper use of an older adult’s funds, property, or assets and is often perpetrated either through theft or scams. -
CFPB Publishes HMDA Beginner’s Guide
The CFPB recently announced it has published a “Beginner’s Guide to Accessing and Using Home Mortgage Disclosure Act Data,” a 30-page resource for those interested in using these comprehensive data on the U.S. mortgage market. -
Senator Presses Treasury Secretary on Collection, Sale of Financial Data
Senate Banking, Housing, and Urban Affairs Committee Chairman Sherrod Brown (D-OH) has written to Treasury Secretary Janet Yellen, who oversees the Financial Stability Oversight Council (FSOC), to express concern with the collection and sale of consumer financial data practices. -
Question of the Week
Question: If a member is tricked into providing debit card information to a 3rd party who then uses it to purchase items, can we deny the claim under Reg E, since the member willingly provided the access information? Answer: No. To cite the CFPB’s December 2021 guidance... -
OKCUA Executive Director Nate Webb to retire June 30
After eight years as the executive director of Oklahoma Credit Union Association and more than two decades in Oklahoma politics, Nate Webb has announced his retirement, effective June 30. -
Would You Rather Eat Your Vegetables Than Try to Sort Through Complex Federal and State Laws and Regulations?
InfoSight provides compliance information written in simple terms that all credit union staff can easily understand. -
OFAC Publishes Russia-Related FAQs
OFAC has published seven new FAQs and updated two previously issued FAQs, all relating to its Russian Harmful Foreign Activities Sanctions. -
FTC Business Blog on Crypto Scam Losses
The Federal Trade Commission has posted an article, "Reported crypto scam losses since 2021 top $1 billion, says FTC Data Spotlight," on his Business Blog. -
Reminder: 2022 CDRLF Grant Round Closes June 24
Low-income credit unions that want to apply for Community Development Revolving Loan Fund grants in 2022 have until June 24 to submit their applications. -
FTC Proposes Changes to Telemarketing Sales Rule
The Federal Trade Commission has published a notice of proposed rulemaking [87 FR 33677] seeking public comment on proposed amendments to the Telemarketing Sales Rule (TSR).
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