The federal banking agencies issued a joint statement updating their existing enforcement guidance to enhance transparency regarding how they evaluate enforcement actions that are required by statute…
Because the Federal Financial Institution Examination Council (FFIEC) provides guidance that a credit union should have an effective complaint management system (CMS) in place, it…
The Consumer Financial Protection Bureau (CFPB) issued several frequently asked questions (FAQs) about the Small Dollar Lending Rule. The FAQs pertain to the compliance with the Payday…
The settlement administrator for the Equifax data breach settlement has now sent out information on making a claim to credit unions it knows to be…
The Financial Crimes Enforcement Network (FinCEN), in consultation with the federal functional regulators, issued responses to three frequently asked questions (FAQs) regarding customer due diligence (CDD) requirements for…
The National Credit Union Administration (NCUA) Chairman Rodney E. Hood announced the appointment of Board Member Todd M. Harper as the agency’s representative on the Board…
CrossState launched its new and improved InfoSight. Members have access to a variety of topics and resources like our latest highlighted topic: Non-Traditional Mortgage Products. Here’s a…
The Small Business Administration (SBA), in consultation with the Department of the Treasury, is providing guidance to address borrower and lender questions concerning forgiveness of…
The Financial Crimes and Enforcement Network (FinCEN) issued a FinCEN Advisory, FIN-2020-A005, to alert financial institutions to potential indicators of cybercrime and cyber-enabled crime observed during…
The Federal Financial Institutions Examination Council (FFIEC) issued a statement setting forth prudent risk management and consumer protection principles for financial institutions to consider while…
