Access to Federal Credit Union Records
Credit unions are required to keep records and meeting minutes, but some federal credit unions (FCUs) may not realize that members have a right...
Breaking Down the CFPB’s Revised Examination Procedure Guide
On March 16, 2022, the Consumer Financial Protection Bureau (CFPB or Bureau) published a revised examination procedure guide (Guide) for unfair, deceptive, or abusive...
The Electric Vehicle Revolution
Since the earliest days of the COVID-19 pandemic, economists have been speculating about the ways in which the post-pandemic economy might be permanently altered....
A Mid-Year Review of NCUA’s 2022 Supervisory Priorities
On January 18, 2022, the National Credit Union Administration (NCUA) issued Letter to Credit Unions 22-CU-02, which sets out the agency’s supervisory priorities for...
2022 Litigation Outlook
By Sheryl S. Jackson
The size of settlements for claims against credit unions over the past few years are significant. Three examples include: $1.8 million...
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...
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