FinCEN Issues Advisory on Elder Financial Exploitation

The advisory highlights behavioral and financial red flags to aid financial institutions with identifying, preventing, and reporting suspected EFE.


Oregon Issues Notice of $600 One-Time Assistance Payments

Credit unions should make system preparations to receive OTAPs with new company entry descriptions.

Key Takeaways from Oregon Rulemaking on Credit Union Member Business Loans

A summary of the Oregon rules and definitions on commercial and member business loans that went into effect on June 1, 2022.

CFPB Advisory Opinion on Coverage of Fair Lending Laws

The Bureau confirmed the Equal Credit Opportunity Act bars lenders from discriminating against customers after they receive a loan.

NCUA Clarifies Use of Distributed Ledger Technologies for FCUs

The letter covers certain expectations for credit unions contemplating the use of new or emerging DLTs.


Revised Interagency Q&As on Flood Insurance

The Q&As reflect significant changes to the flood insurance requirements made by federal law in recent years.

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Federal Trade Commission Shuts Down ‘The Credit Game’ As Scam

The scammers charged consumers thousands of dollars for credit repair services of little to no value and told consumers to “invest” their COVID-19 benefits on their unlawful services.

HUD Releases Guidance on Subsidized Multifamily Housing

The guidance assists property owners in understanding and implementing more inclusive practices.


CFPB Invokes Authority to Examine Non-Bank Financial Companies

The bureau believes that utilizing this dormant authority will help protect consumers and level the playing field between banks and nonbanks.

Federal Housing Administration Provides 40-Year Mortgage Modification Option

The option allows servicers to assist struggling borrowers who are behind on mortgage payments due to COVID-19.

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CFPB Proposed Rule on Adverse Information in Consumer Reports of Human Trafficking Victims

The proposed rule will apply to all CRAs, including specialty CRAs focused on areas like employment screening, tenant screening, check and bank screening, and more.

CISA Releases ‘Secure Tomorrow Series’ Toolkit

The toolkit guides businesses on effective strategies for securing their critical infrastructure systems.

An Action Plan for Fighting Bias in Appraisals

The plan provides a blueprint for how all Americans can benefit fairly from the equity built through homeownership.

10 Ways NWCUA’s Check Deposit Notice Generator and Account Insurance Estimator Helps Your Credit Union

Watch the recorded product tours in InfoSight to learn more about these valuable tools!


FinCEN Issues Alert on Potential Russian Sanctions Evasion Efforts

The alert provides red-flag indicators that credit unions should be on the lookout for and discusses ransomware attacks and other cybercrimes.


Washington DFI on How Ukraine Invasion May Impact Financial Services Sector

The alert provides insight on sanctions, virtual currency, and cybersecurity.

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NCUA Outlines ECOA Nondiscrimination Requirements

The Letter to Credit Unions also provides insight into potential areas of fair lending risk.

The Mask Mandates Are Ending — Now What?

NWCUA’s Compliance Team outlines what this change means for Northwest credit unions.