NCUA: Increased Scrutiny on Payment Systems
In January, the National Credit Union Association (NCUA) issued its supervisory priorities for 2022. NCUA identified payment systems as an area that it intends...
The Future of Fair Lending and Redlining Enforcement
If you are a fan of our Compliance Blog, you may have seen a recent post about federal regulators taking action against banks for...
The Outlook for the Share Insurance Fund
The two main stressors on credit union capital since the start of the COVID-19 pandemic have been high share growth and low interest rates....
NCUA’s Exam Modernization Efforts
Last week, NCUA hosted a webinar on the ongoing efforts to modernize examination procedures and introduce new online tools or applications. The agency has...
CFPB Issues Regulation E FAQs
On June 4, 2021 the CFPB published a new compliance aid: frequently asked questions about Regulation E. Specifically, these FAQs address issues surrounding unauthorized...
Interchange Fees Refresher
Recently, interchange fees have resurfaced in the news and a refresher on the issue — and why it matters to credit unions — is needed.
Background
When a customer uses...
The Americans with Disabilities Act: Some Basics
Credit unions have been subject to the requirements of the Americans with Disabilities Act (ADA) since it was signed into law in 1990. In...
Managing Risk to the Financial System
Recently, fintech companies have started using different strategies that sidestep federal financial regulation as they seek to expand their reach to consumers and access...
What NCUA’s Focus on Fair Lending Exams Means for Credit Unions
In November 2020, the National Credit Union Administration (NCUA) gave an update on consumer compliance expectations for 2021, along with some insight into its...
Fidelity Bonds Refresher
Fidelity bond coverage can insure a credit union against losses such as fraud, theft and embezzlement. Obtaining a fidelity bond is crucial for a...
