The NCUA conducted a recent webinar in which staff discussed how credit union employees can help their members maximize NCUSIF coverage. A CUNA CompBlog entry examines what agency staff say about various account types.
S. 2155 contains several provisions related to the Fair Credit Reporting Act directly impacting credit reporting agencies. Credit unions will experience changes in the way certain information is reported and/or restricted by credit bureaus.
CUNA compliance staff has updated its MLA fee comparison spreadsheet for the second quarter of 2018. CUNA launched this resource in October to help credit unions determine which fees are considered “reasonable and bona fide” under the MLA.
S. 2155 contains a provision designed to allow consumers easier access to online banking. While no guidance has officially been issued yet, changes could impact a credit union’s member identification policy.
Support and information on state and federal regulations is available in one central hub with the launch of CUNA and league compliance communities. The new communities, are designed to provide an online hub for compliance professionals.
FinCEN has issued a ruling to provide a 90-day limited exceptive relief to covered financial institutions from the obligations of the beneficial ownership requirements for for certain accounts, effective as of May 11.