Dec 16, 2020
NJ, PA COVID-19 Vaccination Plans Available
As COVID-19 vaccines become available and distributed, public health professionals are laying the groundwork across the country for how best to distribute the vaccines. An FDA…
Advocacy Works
Dec 16, 2020
BSA Trainings for Staff and Volunteers Available Through CrossState
If an examiner asked your credit union staff about money laundering prevention procedures, could they properly explain the “how” and “why” of their Bank Secrecy Act (BSA) responsibilities? Could…
Dec 15, 2020
CFPB Issues Two Final Rules on Qualified Mortgage (QM) Loans
On December 10, the Consumer Financial Protection Bureau (CFPB) announced the issuance of two final rules related to qualified mortgage (QM) loans: Final Rule – General QM…
Dec 15, 2020
NCUA Expands Educational Opportunities
The National Credit Union Administration (NCUA) announced that it has expanded its educational opportunities on its Learning Management Service (LMS), giving credit unions more resources to help them grow…
Dec 15, 2020
Hauptman Sworn in as NCUA Board Member
Kyle Hauptman became the 24th Board Member of the NCUA following a swearing-in ceremony held Monday at the agency’s Alexandria, VA, headquarters. NCUA Chairman Rodney Hood delivered the…
Dec 15, 2020
NJ Senate Committee Approves Remote/Electronic Notary Bill with Amendments
The New Jersey Senate Judiciary Committee approved with amendments legislation (S2508; A4250) that make permanent the authorization for notaries to perform certain acts remotely. The Assembly…
Dec 14, 2020
FinCEN Director Emphasizes Importance of Information Sharing Among FIs
Financial Crimes Enforcement Network (FinCEN) Director Kenneth A. Blanco discussed how information sharing is critical to identifying, reporting, and preventing financial crime. In his remarks to the annual…
Dec 11, 2020
PA Chamber/Liability Coalitions Urge Support for COVID-19 Liability Protections
As Congress ramps up discussion on relief legislation, the PA Chamber/Liability Coalition is seizing the opportunity to garner support for increased liability protections. In a letter to…
Dec 11, 2020
CFPB Issues Final Rules Promoting Access to Responsible, Affordable Mortgage Credit
The Consumer Financial Protection Bureau (CFPB) issued final rules related to qualified mortgage (QM) loans. Lenders are required under the law to determine that consumers have…
Dec 10, 2020
CrossState Updates InfoSight: ‘Tis the Season
Effective each year, the CFPB, IRS, Federal Reserve, and other entities update annual thresholds. Thresholds are typically tied to consumer price indexes to account for inflation….