7.10.2020 Regulatory Compliance Newsletter

  • Q&A: What do I need to figure out beneficial ownership on existing memberships?
  • FinCEN Guidance on Due Diligence for Hemp-related Customers
  • FinCEN Issues Advisory on Imposter Scams and Money Mule Schemes Related to COVID-19
  • Field of Membership – Rural Districts (Letters to Credit Unions)
  • CFPB Proposes EGRRCPA-required HPML Escrow Exemption
  • OFAC Issues Reminder to File Blocked Asset Report
  • Financial Regulators Issue Statement on Managing the LIBOR Transition
  • Spring 2020 Unified Agenda of Federal Regulatory and Deregulatory Actions
  • InfoSight: July 1, 2020 Effective Dates Reminders
  • Virtual Compliance Update & Roundtable – July 15th – RSVP to dgibbs@mwcua.com

Session 1: 10:30am MDT / 9:30am AZ

Session 2: 3pm MDT / 2pm AZ

6.26.2020 Regulatory Compliance Newsletter

  • Q&A: Is the Interim Final Rule Regarding Reg D Permanent?
  • CFPB Launches Pilot Advisory Opinion Program
  • SBA Launches PPP Tool to Connect Small Businesses with Lenders
  • CFPB Updates Remittance Transfers Compliance Guide
  • Important Technical Notice for Users of the OFAC Website and Sanctions List Data Files
  • CFPB Issues Interpretive Rule on Method for Determining Underserved Areas
  • InfoSight: Content Update – Remittance Transfer Topic
  • Virtual Compliance Update & Roundtable – July 15th

6.19.2020 Regulatory Compliance Newsletter

Regulatory Compliance Newsletter June 19, 2020

  • CFPB Issues CARES Act and Credit Reporting FAQs
  • OFAC Sanctions Nigerians in Scams Targeting US Victims
  • FTC COVID-19 Complaint Data Expanded
  • HMDA Reporting if the Threshold Changes: FAQ from CUNA
  • InfoSight: New Video Resource – Back to Work Best Practices
  • Virtual Compliance Update & Roundtable – July 15th – RSVP to dgibbs@mwcua.com

Session 1:     10:30am MDT / 9:30am AZ

Session 2:     3pm MDT / 2pm AZ

6.12.2020 Regulatory Compliance Newsletter

  • NCUA/EXIM Bank Partnership Will Help Credit Unions Support Small Businesses
  • NCUA Letter to Credit Unions (20-CU-18) Prompt Corrective Action Regulatory Relief Measures in Response to the COVID-19 Pandemic
  • CFPB Issues TRID Fact Sheet and FAQs
  • NCUA Updates Offsite Examination and Supervision Approach
  • InfoSight News
  • Virtual Compliance Update & Roundtable June 17th

6.5.2020 Regulatory Compliance Newsletter

  • FinCEN Adjusts Estimates of SAR Costs
  • NCUA BSA Webinar
  • Agencies Publish Guidance on Credit Losses and Risk Review
  • NCUA Updates Offsite Examination and Supervision Approach
  • InfoSight: Back to Work Best Practices
  • Virtual Compliance Update & Roundtable June 17th

 

5.29.2020 Regulatory Compliance Newsletter

  • SBA Issues Updated Resources
  • Federal Agencies Share Principles for Offering Responsible Small-Dollar Loans
  • Labor Department Approves Electronic Disclosures of Pension Plans
  • NCUA Chairman Hood Writes to FCC Regarding Third-Party Petition on Automated Calls
  • CFPB Updates Small Entity Compliance Guide
  • Reminder: Streamlined CDFI Application Round Ends May 31
  • InfoSight: Remote Work – Telecommuting
  • Virtual Compliance Update & Roundtable June 17th

5.22.2020 Regulatory Compliance Newsletter

  • SBA, Treasury Release PPP Loan Forgiveness Application
  • NCUA Launches Culture, Diversity and Inclusion Council
  • CFPB Statement on Responsibility During Pandemic
  • Treasury Delivering EIP Payments by Prepaid Credit Cards
  • FHFA Announces Payment Deferral as New Repayment Option for Homeowners in COVID-19 Forbearance Plans
  • FinCEN Advisory on COVID-19 Medical Scams
  • InfoSight: Reg D Interim Rule FAQs
  • Virtual Compliance Update & Roundtable June 17th

5.15.2020 Regulatory Compliance Newsletter

  • IRS Proposes Regs for Estates and Trusts
  • Bureau Compliance Aid on ECOA and PPP Applications
  • CFPB HMDA Revisions Published in Federal Register
  • Interagency Issuance on Credit Losses and Risk Review
  • CFPB, FHFA & HUD Launch Joint Mortgage and Housing Assistance Website for Americans Impacted by COVID-19
  • NCUA Changes Low-Income Designation to Include Military Personnel in Calculation
  • Bureau Issues Final Remittance Transfers Rule Amendments
  • InfoSight: New COVID-19 Channel

•    Virtual Compliance Update & Roundtable May 20th

5.8.2020 Regulatory Compliance Newsletter

  • IRS Recently Updated EIP Eligibility FAQs
  • NCUA Outreach Related to COVID-19 Impact
  • NCUA Seeks CECL Exemption
  • SBA Adds to PPP FAQs
  • FFIEC Issues Statement on Risk Management for Cloud Computing Services
  • New IRS Guidance on Tax Impact of PPP Loan Forgiveness
  • The IRS Answers COVID-19 Related IRA Questions
  • CFPB Posts ECOA Appraisal Factsheets and FAQ
  • Bureau Updates COVID-19 Stimulus Relief Guide
  • InfoSight: Truth in Lending; Central Liquidity Facility; Pandemic Preparedness
  • Virtual Compliance Update & Roundtable May 20th

5.1.2020 Regulatory Compliance Newsletter

  • Treasury Issues Interim Final Rule (IFR) Updating PPP
  • CFPB Issues Compliance Bulletin on Mortgage Servicing Transfers
  • SBA Issues Procedural Notice for Participations of PPP Loans
  • Fed Ends Savings ‘6 Per Month’ Limits
  • Regulatory Treatment for Paycheck Protection Program Loans – Letter to Credit Unions (20-CU-11)
  • NCUA’s Harper: Credit Unions Are Strong, but COVID-19 Presents Challenges
  • NCUA: Mentoring Grants Available to Help MDIs
  • Credit Card Money Launderer Pays $6.75M
  • InfoSight: Reserve Requirements – Regulation D Update
  • Virtual Compliance Update & Roundtable May 20th