The CDIA’s COVID-19 resources webpage provides guidance for furnishers who report information about consumers.
Appraisers are encouraged to communicate with their clients and follow public health recommendations.
Credit unions should work constructively with borrowers and members in affected communities
Credit unions should review the updated guidance as it relates to MLA-covered loans.
Credit unions may wish to review the CDC’s latest interim guidance for businesses and employers as well as other resources.
Credit unions should review the policy statement as it applies to financial assets.
Credit unions should review the clarification on requirements regarding certain currency transaction reports.
Credit unions should revisit their business continuity plans to ensure preparedness.
Credit unions can use these compliance resources to stay up to date on existing rules and statutes.
Expect more focus around on-site IT security exams and disaster recovery programs.
Credit unions may be affected by provisions that went into effect Dec. 19.
New priorities help prepare credit unions for upcoming regulatory examinations.
New language to Section 2202 outlines consent on redisclosure of taxpayer information.
Credit unions should consider upgrading systems to include more options when entering members’ gender information.