Expansion of the Military Lending Act to cover a number of open- and closed-end loans may pose serious problems to credit unions that serve a large number of military members, according to CUNA’s compliance staff.
How is the Consumer Financial Protection Bureau interpreting its enforcement authority under the Dodd-Frank Act to prohibit "unfair, deceptive or abusive acts or practices?" What can credit unions learn from the regulator's recent enforcement actions? What are examiners looking for?
With cybersecurity a top priority in 2017 for the financial services industry, CUNA’s compliance staff explored what credit unions should do in the event of a data breach at the institution or its service provider.