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New and Improved CU PolicyPro System Launches

All system conversions are expected to be complete by Friday, April 30.

A Look at Medicaid Estate Recovery Programs

Credit unions should be aware that each state may take a different approach when attempting to make a recovery.

CFPB Highlights Need for Member Complaint Management Strategy

Credit unions are encouraged to create an effective resolution process to reduce member complaints submitted to the Consumer Financial Protection Bureau.

Oregonians Can Renew Driver Licenses Online Starting in Early May

The DMV’s new online feature will help reduce the demand for appointment slots, which remain high due to COVID-19.

Virginia Passes Consumer Data Protection Act

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.

Washington State DOL Provides Information on Remote Notary Endorsement

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.

CFPB Issues Interpretive Rule Regarding Sex Discrimination

The rule clarifies that prohibition against sex discrimination in the ECOA and Regulation B encompasses sexual orientation and gender identity.

FFIEC Releases Updates to the BSA/AML Exam Manual

The updates offer further transparency into the examination process and support risk-focused examination work.

NCUA Issues Final Rule on Joint-Ownership Share Accounts

The rule amends the NCUA’s regulation governing the requirements for a share account to be separately insured as a joint account.

Providing Financial Products and Services to Consumers with Limited English Proficiency

The CFPB’s recent statement provides guidelines to assist financial institutions in complying with regulatory requirements regarding LEP consumers.

DCU Releases 2021 Exam Focus and Strategic Initiatives

This year’s exam focus includes allowance for loan and lease losses, changes in asset quality, potential interest rate risk changes, liquidity, and more.

NCUA Board Approves Final Rule to Codify Interagency Statement

The rule confirms agencies will follow and respect the limits of administrative law in carrying out their supervisory responsibilities.

Picture of woman looking at computer with data breach popup window

State Data Breach Potentially Exposes 1.6 Million Washingtonians’

Those who filed for unemployment in 2020 may be impacted. Help members take protective action.

NCUA and CFPB Issue Proposed and Final Rules

Changes include updates to HMPL escrow exemption thresholds, field of membership definitions, and more.

NCUA Releases its 2021 Supervisory Priorities

This year’s priorities include allowances for loan and lease losses, BSA and CARES Act compliance, consumer financial protection, and more.

Second Wave of Economic Impact Payments Include Prepaid Debit Cards

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.

FinCEN Releases Notice on COVID-19 Vaccine-Related Scams

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.

Cars speed by on a freeway.

ID and OR Transportation Department and DMV Updates for 2021

Credit unions should be aware of new changes to odometer exemptions, license and vehicle tag grace periods, and more.