All system conversions are expected to be complete by Friday, April 30.
Category: Compliance News
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Credit unions should be aware that each state may take a different approach when attempting to make a recovery.
Credit unions are encouraged to create an effective resolution process to reduce member complaints submitted to the Consumer Financial Protection Bureau.
The DMV’s new online feature will help reduce the demand for appointment slots, which remain high due to COVID-19.
Going into effect Jan. 1, 2023, the VCDPA is similar to the California Consumer Privacy Act and European Union’s General Data Protection Regulation, but with key differences.
The permanent legislative rules for remote notarization went into effect March 13, setting first time application and renewal requirements as well as standards for licensed notaries.
The rule clarifies that prohibition against sex discrimination in the ECOA and Regulation B encompasses sexual orientation and gender identity.
The updates offer further transparency into the examination process and support risk-focused examination work.
The rule amends the NCUA’s regulation governing the requirements for a share account to be separately insured as a joint account.
The CFPB’s recent statement provides guidelines to assist financial institutions in complying with regulatory requirements regarding LEP consumers.
This year’s exam focus includes allowance for loan and lease losses, changes in asset quality, potential interest rate risk changes, liquidity, and more.
The rule confirms agencies will follow and respect the limits of administrative law in carrying out their supervisory responsibilities.
Those who filed for unemployment in 2020 may be impacted. Help members take protective action.
Changes include updates to HMPL escrow exemption thresholds, field of membership definitions, and more.
This year’s priorities include allowances for loan and lease losses, BSA and CARES Act compliance, consumer financial protection, and more.
VISA notes that some cards will bear the names of two cardholders on the front if the payment is being made to joint tax-filers.
Vaccine fraud may include the sale of unapproved and illegally marketed vaccines, the sale of counterfeit versions of approved vaccines, and illegal diversion of legitimate vaccines.
Credit unions should be aware of new changes to odometer exemptions, license and vehicle tag grace periods, and more.