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New Compliance Monitor shares the rules of bankruptcy, background on USAA outreach
The new edition of NAFCU's Compliance Monitor – a member-only, digital compliance resource – features an overview of bankruptcy for credit unions that outlines the complex rules of bankruptcy procedures and forms, and provides basics for working with borrowers in bankruptcy.
In addition, the Monitor shares background on the occurrence of USAA reaching out to credit unions again, claiming the remote deposit capture technologies used by credit unions infringe on the bank’s patents.
NAFCU's award-winning Compliance Team publishes several other resources in addition to the Compliance Monitor to keep credit unions informed of the latest regulatory developments.
In addition, the association has a member-only Compliance, Risk & BSA Network that provides compliance professionals a space to connect on key compliance issues, as well as a Compliance Calendar that outlines important dates and deadlines for credit union regulatory compliance requirements.