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Topics in this week’s InfoSight newsletter include: CFPB Proposes Rule to Stop New Junk Fees on Bank Accounts Board Approves Annual Performance Plan; Briefed on…
Maine Law Court Overturns Free House Rule
Earlier this month, the Law Court issued a decision on Finch v. U.S. Bank, overturning precedent set in 2017 by Pushard v. Bank of America.…
NCUA Letter to Credit Unions: 2024 Supervisory Priorities
This week, the NCUA released a letter outlining its supervisory priorities and other updates to the agency’s 2024 examination program. The NCUA focused on areas…
InfoSight eNewsletter
Topics in this week’s InfoSight newsletter include: CFPB Proposes Rule to Close Bank Overdraft Loophole that Costs Americans Billions Each Year in Junk Fees FinCEN…
Maine Credit Unions Receive Silver Lining from Latest CFPB-Proposed Rule on Overdraft
The Consumer Financial Protection Bureau (CFPB) released a proposed rule addressing overdraft fees and disclosures surrounding overdraft services that would treat an overdraft as a…
Breaking Down the New BOI Access Rule
America’s Credit Unions has shared their latest Compliance Blog, breaking down the new BOI access reporting rule, which went into effect January 1. The post…
InfoSight eNewsletter and Monthly Fraud Call Reminder
Topics in this week’s InfoSight newsletter include: Annual Threshold Changes and More! Risk Alert from Go West: Credit Unions Should be Aware of Recent Social…
InfoSight eNewsletter
Topics in this week’s InfoSight newsletter include: CFPB Issues Report Showing Many Americans Are Surprised by Overdraft Fees CFPB Report Finds Many College-Sponsored Financial Products…
NCUA Releases Q3 2023 State-Level Data Report
Federally insured credit unions experienced growth in loans, positive net income, and delinquencies in the third quarter of 2023, along with a decline in assets,…
CFPB Raises HMDA, Reg Z Thresholds for 2024
The CFPB has finalized annual changes to the asset-size exemption thresholds under the Home Mortgage Disclosure Act (HMDA) and Regulation Z for 2024, based on…
Board Approves NCUA 2024–2025 and Central Liquidity Facility Budgets
The National Credit Union Administration Board held its eleventh open meeting of 2023 and approved four items: the agency’s budget for 2024 and 2025; the…
League InfoSight Launches CU PolicyPro and RecoveryPro Combined Platform
League InfoSight has completed the first phase of its product combination which brings CU PolicyPro and RecoveryPro together on a single, integrated platform. This is…
Virtual Compliance Conference
October 9 @ 9:00 am - 4:00 pm - Virtual Compliance Conference with Dawn Kincaid Date: October 9, 2024 Time: 9:00 am - 4:00 pm with time…
League Director of Compliance on Cannabis Panel
Ellen Parent, the League’s Director of Compliance, recently sat on a panel hosted by Maine’s Office of Cannabis Policy. The panel focused on banking cannabis-related…
InfoSight eNewsletter
Topics in this week’s InfoSight newsletter include: The CU PolicyPro/RecoveryPro Combined Site Launches Next Week! 2023 Fair Lending Interagency Webinar FHFA Announces Conforming Loan Limit…
InfoSight eNewsletter
Topics in this week’s InfoSight newsletter include: NCUA Reinstates Civil Penalties for Late Call Report Filing NCUA Board Approves Charitable Donation Accounts Final Rule FinCEN…
NCUA Reinstates Civil Money Penalties for Late Call Report Filing
The National Credit Union Administration announced that it will reinstate assessing civil money penalties for credit unions failing to submit NCUA Form 5300 Call Report…
InfoSight eNewsletter
Topics in this week’s InfoSight newsletter include: Agencies Announce Dollar Thresholds for Applicability of Truth in Lending and Consumer Leasing Rules for Consumer Credit and…
InfoSight eNewsletter
Topics in this week’s InfoSight newsletter include: CFPB Proposes New Federal Oversight of Big Tech Companies and Other Providers of Digital Wallets and Payment Apps…
InfoSight eNewsletter
Topics in this week’s InfoSight newsletter include: NCUA Posts 2024 – 2025 Proposed Budget, Sets November 16 Public Briefing Chairman Harper Emphasizes Allyship to Achieve…
Injunction Issued on Small Business Lending Rule
The U.S. District Court for the Southern District of Texas issued a nationwide injunction that prohibits the implementation or enforcement of the Small Business Lending…
Register for the Regulatory Compliance Conference
Join the League at the Harraseeket Inn in Freeport for a two-day Regulatory Compliance Conference on November 14 and 15. The event will feature veteran…
InfoSight eNewsletter
Topics in this week’s InfoSight newsletter include: Board Issues Proposals on Fair Hiring in Banking; Simplification of Share Insurance CFPB Proposes Rule to Jumpstart Competition…
NCUA Letter to Credit Unions (23-CU-08): Resumption of Federal Student Loan Payments
As federal student loan payments restart, some credit union members may have difficulty meeting their repayment obligations. The resulting increase in total repayment obligations may…
InfoSight eNewsletter
Topics in this week’s InfoSight newsletter include: FTC Proposes Rules to Ban Junk Fees Protecting Immigrant Access to Fair Credit Opportunities Joint Statement on Fair…