New Year’s resolutions Part 1: FinCEN
Welcome to the first Compliance Blog post of 2022! At this time of year, many people adopt New Year’s resolutions – setting goals or accomplishments to work towards during the rest of this calendar year. [...]
Welcome to the first Compliance Blog post of 2022! At this time of year, many people adopt New Year’s resolutions – setting goals or accomplishments to work towards during the rest of this calendar year. [...]
Despite the uncertainty surrounding economic recovery, NAFCU and its award-winning staff have worked tirelessly to provide the credit union industry and its 127 million members with the best advocacy, compliance, and education tools. Here are [...]
The NCUA Tuesday issued a Letter to Credit Unions encouraging participation in the agency’s voluntary Credit Union Diversity Self Assessment and a Regulatory Alert to break down the CFPB’s annual adjustments for three [...]
Last week, the United States Department of Justice (DOJ) and the Consumer Financial Protection Bureau (CFPB) jointly issued letters to landlords and mortgage servicers about protections servicemembers have under the Servicemembers Civil Relief Act (SCRA). [...]
New-home sales rose 12.4 percent in November to 744,000 annualized units, while prior months saw a downward revision of 127,000 units. Compared to last year, November sales were 14 percent lower. NAFCU [...]
The Federal Housing Finance Agency (FHFA) Wednesday issued a final rule for the government sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, that establishes housing goals for 2022-2024. The updated housing goals, first proposed by [...]
NAFCU Tuesday sent a Final Regulation Alert to members breaking down the NCUA’s final rule on mortgage servicing assets (MSA) – formerly known as mortgage servicing rights. The association's Final Regulation Alerts are member-only resources [...]
In my last blog post, I opened with my plans to plan for next year. I have to admit, I still have not gotten around to it, and I feel like time is just slipping [...]
In a few short days, we'll pass into a new year. As 2022 approaches, many of us will reflect on where we are today with a thought on how we can improve. Along those lines, [...]
So many Americans rely on credit unions to help meet their financial needs. Credit unions are known for their ability to provide exemplary customer service, better rates, and lower fees to consumers. Credit unions are [...]
This weekend Senator Joe Manchin, D-W.Va., publicly opposed the Build Back Better Act (BBBA), telling Fox News on Sunday, “I cannot vote to continue with this piece of legislation.” The Democratic party’s $1.[...]
NAFCU Friday sent members a Regulatory Alert to break down the Financial Crimes Enforcement Network's (FinCEN) advance notice of proposed rulemaking (ANPR) to solicit feedback on requiring certain persons involved in real estate transaction to [...]
The CFPB Thursday issued a series of orders to buy now pay later (BNPL) companies with the goal of collecting information on the risks and benefits of the service. Companies ordered to submit information include [...]
As leaders, it’s easy to become complacent when it comes to monitoring our employees and holding them accountable. Even if they are doing a fantastic job, there will always be room for improvement. Therefore, [...]
NAFCU President and CEO Dan Berger wrote to the NCUA Wednesday urging the agency to ensure credit unions are not left behind as federal financial regulators move toward foundational federal digital asset regulation and legislation. [...]