FCC Clarifies that Voice Service Providers can Block Robocalls by Default

The ruling clarifies that telecom providers may also offer their customers the choice to opt-in to tools that block calls.

Regulators Release Updated Rulemaking Agendas

Unified Agenda includes rule-making actions in pre-rule, proposed rule, and final rule stages.

NCUA Issues Regulatory Alert on Flood Insurance Alternatives

The Regulatory Alert explains alternatives to the National Flood Insurance Program (NFIP).

CUNA Issues Nine Questions to Assess Credit Unions’ CECL Readiness

Questions cover accounting standards, implementation plans, data for ALLL methodologies, and more.

FinCEN Releases Guidance for Convertible Virtual Currencies

Guidance helps credit unions identify and report suspicious activity related to virtual currency misuse.

The Office of Foreign Assets Control Releases Framework for Compliance Commitments

The Sanctions Compliance Program consists of five essential components.

NCUA Releases Updates to Federal Credit Union Lending Rules

Updates reduce regulatory burden, improve clarity, and make compliance easier.

NCUA Board Seeks Credit Union Comments on Loan Compensation

Existing regulation governing compensation for member loans and lines of credit are outdated.

Two Upcoming Seminars Offer Credit Unions Insights into the Latest HR and Compliance Legal Issues

Strategic Link partner, Farleigh Wada Witt, discusses overdraft fee litigation and shares recommendations to guide credit unions.

Credit Unions Advised of Returned Mail Best Practices When Issuing Credit and Debit Cards

A change of address notice does not satisfy validation requirements of card issuers’ rules.

New Federal Regulations Impact Commercial Production of Industrial Hemp

Credit unions are advised to ensure industrial hemp operation members comply with licensing, testing, and other state requirements.

Regulators Update CECL FAQ

Until CECL becomes effective, credit unions must continue to follow current Allowance for Loan and Lease Losses methodology.

Northwest Small Credit Unions Encouraged to Apply for the Small Business Health Care Tax Credit

Past recipients report receiving thousands of dollars in refunds; qualifying small credit unions must file by May 15 deadline.

Updated Uniform Residential Loan Application Use Required in 2020

Recommendations help credit unions prepare for implementation.