This week on the Compliance Blog: EIPs, NCUA exams, CFPB consent order
As credit unions work to meet the needs of more than 123 million Americans during the coronavirus pandemic, NAFCU's award-winning Regulatory Compliance Team continues to keep credit unions informed with new posts on the Compliance Blog every Monday, Wednesday, and Friday.
Here's a roundup of what's new:
History Repeats: More Stimulus Payments Are Here: In Monday's blog, NAFCU Regulatory Compliance Counsel Nick St. John offers several items to keep in mind as credit unions begin to process another round of economic impact payments (EIPs) following the passage of the Phase 4 coronavirus relief package.
NCUA Exams to Focus on Loan Accommodations and Fair Lending: NAFCU Regulatory Compliance Counsel Loran Jackson reviews NCUA’s expectations for loan accommodations provided by credit unions amid the coronavirus pandemic. Jackson highlights the agency’s webinar (available on-demand) which gives an update on current consumer compliance expectations.
CFPB Issues Another MLA Consent Order: In today’s post, NAFCU Vice President of Regulatory Compliance Brandy Bruyere reviews the CFPB’s recent issuance of a consent order with Omni Financial for violations of the Military Lending Act (MLA) and the Electronic Funds Transfer Act – the second such action from the bureau in recent weeks.
Examination & Enforcement
Add to Calendar 2021-10-14 14:00:00 2021-10-14 14:00:00 Secure Cloud Adoption: How to Build a Roadmap for Secure Cloud Journey About the Webinar Cloud, digital, and new business models are disrupting many industries including financial institutions. Innovative credit unions are adopting cloud to enable their digital transformation. This will ensure long term cost effectiveness of delivering routine services to members while at the same time introducing new offerings in a seamless, secure manner. This webinar will cover strategies on how your CU can plan and implement a cloud roadmap that supports your current and future initiatives in digital innovation. Key takeaways: Driving business outcomes with Cloud as an enabler Cloud roadmap – Organizational & technical considerations Security, automation, and cost-effective approach to implementation Watch the Webinar Web NAFCU email@example.com America/New_York public
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