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The CFPB recently issued guidance on overdraft protection programs and associated risks. One of the areas of focus concerns representment fee practices.
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The Federal Financial Institutions Examination Council, on behalf of its members, released updates to the following sections of the Bank Secrecy Act/Anti-Money Laundering Examination Manual.
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The Consumer Financial Protection Bureau filed a lawsuit in federal court against auto-loan servicer USASF Servicing for a host of illegal practices that harmed individuals with auto loans.
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Six federal regulatory agencies requested public comment on a proposed rule designed to ensure the credibility and integrity of models used in real estate valuations.
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The NCUA Board approved proposed changes to the interpretive ruling and policy statement on the agency’s Minority Depository Institution Preservation Program.
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The NCUA Board approved the issuance of a notice and request for comment about adjustments to the methodology the Office of the Chief Financial Officer uses to determine how it apportions operating fees charged to federal credit unions.
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Registration is still open for the August 18 Outreach event. Meet recruiters from the NCUA to learn about nationwide opportunities.
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The Compliance Team possesses in-depth knowledge of lending regulations, and the Lending Team understands the credit union’s strategic objectives as they relate to the various lending products.
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Our credit union is considering using GPS trackers to help locate collateral when collection action needs to be taken and starter interruption devices that would disable a vehicle when the loan becomes delinquent. Is there anything we should be aware of?
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If our credit union did not hold any blocked property pursuant to OFAC regulations, do we still need to file an annual report?