Compliance Center: NCUA Issues Opinion Letter on Loan Participations in Indirect Loans

NCUA letter focuses on federally insured credit unions as originating lenders in indirect lending arrangements; your question answered about Social Security payee accounts; plus this week’s legal briefs.

Compliance Question of the Week

What is a representative payee?

Picture of sticky notes with question marks on them

Compliance Question of the Week

What is a Social Security Representative Payee Account, which members require one and how should the accounts be established?

Compliance Question of the Week

The beneficiary on a Representative Payee account has requested a loan. What do we do? Can the beneficiary use the SSI payments this way?

Oregon Legislative Week in Review

This Oregon Legislative Update outlines the eight mortgage/foreclosure bills currently of interest to credit unions during the Oregon Legislature’s first-ever “short session.”

Compliance Question of the Week

How long does a stop payment order remain in effect?