CUNA compliance staff recently responded to a query if credit unions are required to disclose the numerical value of the military annual percentage rate to borrowers covered under the Military Lending Act.
At the CUNA Regulatory Compliance School last week, compliance staff from around the country compared notes on how to spot elder financial abuse and protect members, all while abiding by privacy requirements.
WASHINGTON (3/28/16)--With the National Credit Union Administration’s member business lending rule finalized, all that’s left is for credit unions to gain an understanding of how the rule will affect them. CUNA's compliance staff has put together a CompNote on the rule, which is now available.
WASHINGTON (3/21/16)--Recent guidance involving money services businesses (MSB) does not directly affect credit unions, but a strong understanding of MSB accounts’ compliance responsibilities will reflect positively on your level of due diligence, according to CUNA compliance staff.
WASHINGTON (3/14/16)--CUNA's CompBlog, the go-to space for expertise on the latest and most pressing compliance issues, is now available to subscribers via email. Starting last week, CUNA members of the Compliance Community now receive emails that contain a rundown of the previous day’s CompBlog entries.
WASHINGTON (3/11/16)--Experienced compliance professionals have the opportunity to continue educational development on the latest and most important topics with the CUNA’s upcoming compliance professional webinar series.
WASHINGTON (3/7/16)--Can multiple-group federal credit unions merge with each other while still complying with the Federal Credit Union Act and the National Credit Union Administration’s rules and regulations? According to Michael J. McKenna, NCUA’s general counsel, it is possible as long as a number of conditions are fulfilled.