ViClarity Bi-Weekly Update

Staying ahead in today’s regulatory environment can be challenging. That’s why our partners at ViClarity provide twice-monthly updates featuring timely articles, expert Q&As, and an interactive compliance calendar designed to keep your credit union informed and prepared. Read on for the latest insights and resources.

To access the resources below, you must be logged in to ViClarity’s members-only website—an added benefit of belonging to the Maine Credit Union League. Have questions, want to know more, or looking to set up an account? Contact a member of ViClarity’s support team at mcul@viclarityus.com.

Red Flags & Roadmaps Webinar: A Mid-Year Compliance Review for Credit Unions

The first half of 2026 brought a whirlwind of regulatory activity for credit unions. ViClarity’s experts are ready to help you make sense of it all and develop actionable strategies heading into the second half of the year and 2027.

In this 30-minute webinar, they’ll quickly cover hot topics like:

• SB1075 in California could result in the loss of $140 million in non-interest income. Will other consumer advocate states follow suit?
• The Illinois Interchange Fee Prohibition Act went into effect July 1, but NCUA issued an interim rule preempting this for federal CUs. We’ll share perspectives from around the industry.
• ITIN lending is a big opportunity for CUs that serve immigrant-dense populations. Under the Trump Administration’s policy shifts, should credit unions forge ahead, pull back, or think differently?
• A 27% reduction-in-force at NCUA has slowed migrations in CAMELS scoring and extended periods between exams. There’s also a new NCUA Chair and a strategic plan that says AI will be used in exams. We’ll share themes heard from CUs and regulators on the first 6 months’ exam findings.

Date: July 30, 2026
Time: 2 p.m. ET / 1 p.m. CT / 12 p.m. MT / 11 a.m. PT
Register Here

Updates | July 14, 2026:

• Compliance Calendar: https://members.viclarityus.com/compliance-calendar.cfm 
• July Q&As | Part 1 ITIN Shakeup: https://members.viclarityus.com/questions-and-answers.cfm/Article/Questions–Answers/July-2026-_-QA-Part-1-ITIN-Shake_Up/2026-7-13

Recommended Reading:

NCUA Highlights FinCEN’s Revised 314(b) Guidance
Summary: The National Credit Union Administration (NCUA) is drawing credit unions’ attention to recent revised 314(b) guidance issued by the Financial Crimes Enforcement Network (FinCEN).

It Was Bound to Happen: Ways & Means Committee Passes Legislation Aimed at AI Adoption by IRS
Summary: For some sections of the credit union industry, Artificial Intelligence still seems like a far off concept. For others, AI has been successfully integrated into every nook and cranny. Both approaches are valid and may be reflective of the credit union’s risk parameters, but what happens when AI is part of a credit union and the credit union doesn’t know it?

CFPB Requests Information to Implement Requirements from Executive Order Addressing Mortgage Credit Provisions
Summary: The Consumer Financial Protection Bureau (CFPB) has released a request for comment on reducing the regulatory burden with the extension of Mortgage Credit. The request comes in response to an executive order issued by President Trump this past March.