2.16.2021 Regulatory Compliance Newsletter

Regulatory Compliance Newsletter – February 16, 2021

  • Virtual Compliance Update & Roundtable
  • FinCEN Advisory on COVID-19 Fraud
  • Fate of QM and Debt Collections Rules Uncertain
  • Procedural Guidance on Lender PPP Processing Fees
  • Some Things CUs Should Know about Direct Deposit Tax Refunds
  • New Guide Helps Military Families with Financial Challenges
  • Upcoming Nacha rules changes
  • ECIP Clarification

 

2.8.2021 Regulatory Compliance Newsletter

Regulatory Compliance Newsletter – February 8, 2021

  • Acting CFPB Director Warns of Strict Enforcement for COVID-19 Related Regulatory Violations
  • FinCEN Changes Comment Date For CVC/LTDA Transactions Proposal Again
  • OFAC Upgrades SDN List Search Tool
  • SBA Adds PPP FAQs
  • FinCEN Affirms PPP FAQs
  • CFPB Updates List of Consumer Reporting Companies
  • Virtual Compliance Update & Roundtable

 

 

 

 

2.1.2021 Regulatory Compliance Newsletter

Regulatory Compliance Newsletter February 1, 2021

  • InfoSight January Updates
  • SolarWinds Breach Statement from League InfoSight
  • Reimbursement for Costs of Compliance with Subpoena
  • NCUA,CFPB Memorandum Calls for Coordination of Compliance, Enforcement
  • FinCEN Submits Renewal of CTR DOEP Requirements
  • LendUp Loans to Pay $950,000 Under Settlement
  • 60,000 PPP Loan Applications Approved, Posts Updates
  • CFPB Issues Rule on HPML Escrow Exemption
  • Effort to Ensure CARES Act Payments Are Received
  • NCUA Proposes Amendment of SAR Regs

 

1.25.2021 Regulatory Compliance Newsletter

Regulatory Compliance Newsletter January 25, 2021

  • InfoSight News
  • FinCEN Issues FAQs on SARs
  • NCUA Board Approves Final Rule on the Role of Supervisory Guidance
  • FinCEN Submits Renewal of Recordkeeping Requirement
  • Capital One to pay $390M for BSA/AML violations
  • CFPB Amends Ability-to-Repay/Qualified Mortgage Rule Under Truth in Lending Act
  • Virtual Compliance Update & Roundtable February 17, 2021

1.19.2021 Regulatory Compliance Newsletter

1.19.2021 Regulatory Compliance Newsletter

  • InfoSight: 2021 Compliance Calendar
  • Setoff of Members’ Stimulus Funds
  • What Would You Do If Your Examiner Requested a Copy of Your “WireTransfer Audit”?
  • Credit Union Annual Meetings
  • Stimulus Funds are Here!
  • Verifying Stimulus Payments
  • SBA and Treasury Announce PPP Re-Opening; Issue New Guidance
  • Newly Issued Letters to Credit Unions
  • HMDA Filing Platform Open for 2020 Data
  • Virtual Compliance Update & Roundtable January 20, 2021

1.11.2021 Regulatory Compliance Newsletter

Regulatory Compliance Newsletter January 11, 2021

• InfoSight: December 2020 Updates
• NCUA Proposes Amendment of SAR Regs
• 2019 Terrorist Assets Report
• FinCEN Issues COVID-19 Scam Alert
• OFAC Adds FAQs On Chinese Military Companies
• NCUA Board Approves Rules and Proposals
• FTC Launches New Online Tool for Exploring Military Consumer Data
• FATF Updates COVID-19 Report
• FinCEN Proposes Virtual Currency and Digital Assets Rules
• Solar Winds – What to do Next?
• Virtual Compliance Update & Roundtable January 20, 2021

12.14.2020 Regulatory Compliance Newsletter

Regulatory Compliance Newsletter December 14, 2020

  • InfoSight Updates – ‘Tis the Season
  • Bureau Sues Online Lender for MLA Violatioins
  • Violations of Law and Consumer Harm
  • NCUA Releases Q3 2020 Credit Union System Performance Data
  • CFPB Settles with Debt Collector
  • Virtual Compliance Update & Roundtable – Dec 16th

 

12.7.2020 Regulatory Compliance Newsletter

Regulatory Compliance Newsletter December 7, 2020

  • Updates in InfoSight
  • Revised Reg F Published
  • Adverse Market Refinance Fee Implementation December 1
  • Bureau Issues Advisory Opinions Policy and Two Opinions
  • Lower BSA Transfer Threshold Would Substantially Burden CUs
  • BSA Due Diligence for Charities and Non-profits Clarified
  • Unchanged Thresholds for Regs M and Z
  • House Prices Climbing
  • CFPB Updates 2021 HMDA FIG
  • IRS 2020 Criminal Investigation Report Released
  • NCUA Announces Relief Measures for Meeting Flexibility in 2021
  • Virtual Compliance Update & Roundtable Dec 16th

 

11.23.2020 Regulatory Compliance Newsletter

Regulatory Compliance Newsletter November 23, 2020

  • InfoSight: CUNA Mutual Group Addition to InfoSight
  • Business Info to be Masked in IRS Tax Transcripts
  • Virginia Man Sentenced for PPP Fraud
  • Register Now for Webinar on NCUA’s Response to COVID-19
  • Debt Collection Compliance Aid Resource Webpage
  • Virtual Compliance Update & Roundtable December 16th
  • Credit Unions Under $100M in Assets Quarterly Compliance Video Conference

 

11.16.2020 Regulatory Compliance Newsletter

Regulatory Compliance Newsletter November 16, 2020

  • InfoSight: ACH/Electronic Payments
  • FinCEN Advisory on FATF Jurisdiction List
  • Driver Loan, LLC and CEO Subjects of Bureau Suit
  • Servicemembers Consumer Protection Webinar
  • Sanctions Imposed on Petroleum Network, Syrian Officials and Entities
  • NCUA Fair Lending and Consumer Compliance Webinar Announced
  • A Virtual Global Financial Symposium: The Economic Impacts of COVID-19 on Credit Unions
  • 2020 Fair Lending Interagency Webinar
  • Virtual Compliance Update & Roundtable – November 18th
  • Credit Unions Under $100M in Assets Quarterly Compliance Video Conference – December 2nd