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The Compass

  • Elder Abuse Webinar on June 7

    May
    30
    Elder Abuse Webinar on June 7

    The Consumer Financial Protection Bureau and the Financial Crimes Enforcement Network are hosting a webinar to encourage coordination among financial institutions, law enforcement and adult protective service agencies to protect older adults from financial exploitation.

    Posted By Bridget Bowles read more
  • New CUNA & League Compliance Communities

    May
    29
    New CUNA & League Compliance Communities

    Over the past few months, CUNA has been working to create and test CUNA & League Compliance Communities that will focus on state level content. Much like the larger CUNA Compliance Community, these CUNA & League Compliance Communities will provide an online hub for compliance professionals to connect, work together, share resources and become better informed about state-level credit union regulations.

    Posted By Bridget Bowles read more
  • Regional Compliance Updates

    May
    25
    Regional Compliance Updates

    Mark your calendar for the regional compliance update meetings in June. 

    Posted By Bridget Bowles read more
  • Compliance Calendar

    May
    24
    Compliance Calendar

    The InfoSight Compliance Calendar is kept up-to-date with regulatory changes. Included with the calendar are “Other Important Reminders and Information.” All member credit unions can access. 

    Posted By Bridget Bowles read more
  • CFPB Finalizes Amendment to Resolve “Black Hole” Issue Under TILA/RESPA

    Apr
    26
    CFPB Finalizes Amendment to Resolve “Black Hole” Issue Under TILA/RESPA

    The CFPB heard feedback that there is needed clarification on when creditors may pass on increased costs to consumers and disclose them on a Closing Disclosure due to the timing restriction. In July 2017, the CFPB proposed an amendment removing that particular timing restriction

    Posted By Bridget Bowles read more
  • ADA Website Demand Letters Hit the Heartland

    Apr
    24
    ADA Website Demand Letters Hit the Heartland

    Kansas credit unions are the latest to receive demand letters regarding the accessibility compliance of their websites under the Americans with Disabilities Act. We've set up a resource page with background information, resources, next steps, links to webinars, and more.

    Posted By Susan Dyer read more
  • NCUA Adopts Final Rules Reducing Regulatory Burdens

    Apr
    19
    NCUA Adopts Final Rules Reducing Regulatory Burdens

    A final rule reducing regulatory burdens on federally insured credit unions with assets of $10 billion or greater by removing certain current capital planning and stress testing requirements.  

    Posted By Bridget Bowles read more
  • Fed Releases Interagency Exam Procedures for Regs X and Z

    Apr
    19
    Fed Releases Interagency Exam Procedures for Regs X and Z

    The Federal Reserve Board has released Consumer Affairs Letter 18-3 with revised interagency examination procedures for Regulations X (RESPA) and Z (TILA).

    Posted By Bridget Bowles read more
  • FFIEC Issues Joint Statement on Cyber Insurance and Its Potential Role in Risk Management Programs

    Apr
    13
    FFIEC Issues Joint Statement on Cyber Insurance and Its Potential Role in Risk Management Programs

    The Federal Financial Institutions Examination Council (FFIEC) members issued a joint statement to describe matters that financial institutions should consider if they are determining whether to use cyber insurance as a component of their risk management programs.

    Posted By Bridget Bowles read more
  • Compliance: CDD Rule Electronic Certification Form Available

    Apr
    04
    Compliance: CDD Rule Electronic Certification Form Available

    With less than two weeks remaining before the FinCEN's customer due diligence becomes effective May 11, FinCEN has made its electronic CDD beneficial owner certification form available. 

    Posted By Bridget Bowles read more

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