Regulatory Compliance Newsletter – June 20, 2022

6.20.2022 Regulatory Compliance Newsletter

  • Great things are in the works!!
  • Content Update: US Savings Bond Validation Tool
  • Request for Information Regarding Relationship Banking and Customer Service
  • FinCEN advisory on Elder Financial Exploitation
  • Bureau Publishes HMDA Beginner’s Guide
  • Senator Presses Treasury Secretary on Collection, Sale of Financial Data

Director Training Registration Open

Calling all Colorado board members!

Mountain West is holding Director Training: Board Responsibilities, Updates & Hot Topics on June 29 at the association office in Denver, CO. Held from 4:30 – 7:00 pm, this session includes instruction, networking and a light meal. Julie Kappenman, VP of Compliance Operations at Mountain West, and former examiner, will be our expert presenter, giving an overview of board member responsibilities as well as cover topics like the NCUA 2022 Supervisory Priorities, upcoming regulatory changes, and key financial ratios. If you’re a seasoned board member and would like a refresher, or if you’re a new board member, this program is designed for you.

For more information and to register, click here.

Regulatory Compliance Newsletter – June 7, 2022

06.07.2022 Regulatory Compliance Newsletter

  • CFPB Acts to Protect the Public from Black-Box Credit Models Using Complex Algorithms
  • FHFA Requires New Public Disclosures by Enterprises
  • MLA System Release Due June 30
  • CFPB: Credit Card Payment Data Suppression May Harm Consumers
  • U.S. House Prices Continue Upward Climb

Regulatory Compliance Newsletter – May 31, 2022

5.31.22 – Regulatory Compliance Newsletter

  • Fifth Circuit Holds Oral Argument in Challenge to CFPB’s Payday Lending Rule Payment Provisions
  • NCUA Letter to Credit Unions Re: Federally Insured Credit Union
  • NCUA Statement on Committee Passage of Vendor Authority and Underserved Areas Bills
  • Did the DOJ Issue ADA Website Accessibility Regulations?
  • CFPB: States Can Enforce Federal Consumer Protection Laws

Regulatory Compliance Newsletter – May 31, 2022

5.31.2022 – Regulatory Compliance Newsletter

  • Fifth Circuit Holds Oral Argument in Challenge to CFPB’s Payday Lending Rule Payment Provisions
  • NCUA Letter to Credit Unions Re: Federally Insured Credit Union
  • NCUA Statement on Committee Passage of Vendor Authority and Underserved Areas Bills
  • Did the DOJ Issue ADA Website Accessibility Regulations?
  • CFPB: States Can Enforce Federal Consumer Protection Laws

Check Out June Networking Councils

Check out the next wo networking councils taking place in June. Both will take place in virtual format, and begin at 8:30 am AZ/ 9:30 am CO & WY.

June 7 – Collectors Networking Council – Virtual*
Topic: Post COVID Collections Best Practices
Speaker: Tom Haeberer, VP Sales & Operations, Strategic Resource Management

June 16 – Marketers Networking Council – Virtual*
Topic: Using “I Love My Credit Union” Campaign for Your Credit Union’s Story
Speaker: Staff from Illinois Credit Union League

*Virtual format takes place on the Zoom platform, and includes your agreement to turn on your camera AND your audio for this session.