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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Updates to FFIEC BSA/AML Exam Manual
The Federal Financial Institutions Examination Council has released updates to four sections of the BSA/AML Examination Manual... -
NCUA to Host 2021 DEI Summit for Credit Union System Stakeholders
The National Credit Union Administration has announced it will host credit union leaders, credit union trade and support organizations, and diversity and inclusion professionals during the NCUA’s second Diversity, Equity, and Inclusion (DEI) Summit. -
CFPB Statement on Juneteenth Holiday and Mortgage Closings
On Friday, June 18, 2021, CFPB Acting Director Dave Uejio issued the following statement... -
FHA Updates Student Loan Payment Calculations
The FHA recently announced updates to its student loan monthly payment calculations, taking steps to remove barriers and provide more access to affordable single family FHA-insured mortgage financing for creditworthy individuals with student loan debt, which has a disproportionate impact on people of color. -
NCUA Upcoming Rulings
Pending NCUA rulemaking of note includes... -
Question of the Week
Question: Do we need to close in recognition of Juneteenth (or the Friday prior as observed this year), which was just signed into law as the newest Federal holiday? Answer: It’s a business decision. -
New InfoSight Topic: Cannabis-and Hemp-Related Accounts
Make sure you check out the recently added Cannabis- and Hemp-Related Accounts topic under the Accounts channel in InfoSight! -
Juneteenth
From History.com, “Juneteenth (short for “June Nineteenth”) marks the day when federal troops arrived in Galveston, Texas, in 1865 to take control of the state and ensure that all enslaved people be freed. -
Elder Financial Exploitation Training
June 15 was designated as “World Elder Abuse Awareness Day” back in 2006, and in 2018 Congress provided the first federal definition of “financial exploitation of senior citizens” when it passed the “Immunity From Suit for Disclosures of Financial Exploitation of Senior Citizens” law. -
CFPB Issues Interpretive Rule on Authority to Resume MLA Exams
The Consumer Financial Protection Bureau issued an interpretive rule this week that explains the basis for its authority to examine supervised financial institutions for risks to active duty servicemembers and their dependents (i.e., military borrowers) from conduct that violates the Military Lending Act (MLA).
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