Newsletter

2023 Newsletters

• InfoSight Newsletter, Vol 17, Issue 10 (3/17/2023)
  
  • Bank Failures and Member Confidence!
  • Please join us for a webinar!
  • March Madness - Compliance Edition!
  • NCUA Loan Risk Webinar- Register Today!
  • NCUA Releases Q4 2022 State-level Credit Union Data Report
  • CFPB Launches Inquiry Into the Business Practices of Data Brokers
     
• InfoSight Newsletter, Vol 17, Issue 9 (3/10/2023)
  
  • NCUA Final Rule Cyber Incident Notification Requirements for Federally Insured Credit Unions
  • EXCITING CHANGES ARE ON THE WAY!
  • CFPB Uncovers Illegal Junk Fees on Bank Accounts, Mortgages, and Student and Auto Loans
  • Registration Open for NCUA Loan Risk Webinar
  • CFPB and NLRB Announce Information Sharing Agreement to Protect American Consumers and Workers from Illegal Practices
     
• InfoSight Newsletter, Vol 17, Issue 8 (3/3/2023)
  
  • Deeper Dive into NCUA’s 2023 Supervisory Priorities
  • Celebrating Women's History Month!
  • Resources For Complaint Management
  • CFPB Publishes New Findings on Financial Profiles of Buy Now, Pay Later Borrowers
  • CFPB Announces Appointments of New Advisory Committee Members
  • NCUA: Permissible Loan Interest Rate Ceiling Extended
     
• InfoSight Newsletter, Vol 17, Issue 7 (2/24/2023)
  
  • What's New in InfoSight?
  • Celebrating Black History Month
  • Last Chance to Register for "Closing the Gap" Webinar
  • NCUA’s Harper Discusses DEI, Allyship; Selected to AACUC Hall of FameNCUA’s Harper Discusses DEI, Allyship; Selected to AACUC Hall of Fame
  • WOCCU: Turkish Cooperative Earthquake Relief Fund - Donations Continue
     
• InfoSight Newsletter, Vol 17, Issue 6 (2/17/2023)
  
  • League InfoSight Highlight: Credit Card Penalty Fees
  • Celebrating Black History Month!
  • League InfoSight: Exciting Changes Coming Soon
  • What's Trending on InfoSight?
  • WOCCU: Cooperative Earthquake Relief Fund Launched!
  • Appraisal Standards Must Include Federal Prohibitions Against Discrimination
  • New FTC Data Reveals Top Lies Told by Romance Scammers
  • CFPB: One-Third Decline in Collections Items on Consumer Credit Reports
     
• InfoSight Newsletter, Vol 17, Issue 5 (2/10/2023)
  
  • League InfoSight Update: Stay Tuned!
  • Celebrating Black History Month!
  • Resources for SAS Credit Unions
  • NCUA: Change to HMDA’s Closed-End Loan Reporting Threshold
  • NCUA: Expansion of Permissible CUSO Activities and Associated Risks
  • WOCCU: Credit Unions as the Catalyst for Rebuilding
     
• InfoSight Newsletter, Vol 17, Issue 4 (2/3/2023)
  
  • League InfoSight Highlight: LinkedIn, Here We Come!
  • Elder/Vulnerable Adult Protections
  • NCUA: Board Extends Loan Interest Rate Ceiling
  • CFPB Proposes Rule to Rein in Excessive Credit Card Late Fees
  • New Issue of Consumer Compliance Outlook is Released
     
• InfoSight Newsletter, Vol 17, Issue 3 (1/3/2023)
  
  • Have You Heard About CFPB’s Circulars?
  • Compliance Resolution #42: Take Advantage of All InfoSight Has to Offer!
  • CFPB releases updates to mortgage servicing exam procedures
  • CFPB Issues Guidance to Root Unwanted Subscription Tactics
  • FCC Announces Compliance Date for Amended TCPA Rules
     
• InfoSight Newsletter, Vol 17, Issue 2 (1/20/2023)
  
  • Are you signed up to receive FinCEN’s Notifications?
  • Annual Threshold Updates!
  • Compliance Resolution #67: Get the Board on Board!
  • NCUA’s 2023 Supervisory Priorities
  • CFPB Webinar Series
  • FinCEN Requests Comments on Proposal!
     
• InfoSight Newsletter, Vol 17, Issue 1 (1/13/2023)
  
  • It's League InfoSight's 20th Anniversary!
  • New California Law May Impact YOUR Credit Union!
  • Compliance Resolution #104: Review Policies and Procedures
  • Q4 Compliance Update Video'
  • Industry News
     

2022 Newsletters

• InfoSight Newsletter, Vol 16, Issue 49 (12/23/2022)
  
  • Happy Holidays!
  • Board Approves NCUA 2023–2024 Budget; Issues Proposed Rule on Financial Innovation
  • NCUA Releases Q3 2022 State-Level Data Report
  • NCUA’s Webinar on the Credit Union Diversity Self-Assessment
     
• InfoSight Newsletter, Vol 16, Issue 48 (12/16/2022)
  
  • CFPB adjusts HMDA closed-end loan exemption threshold
  • CFPB and FHFA Publish Updated Data from the National Survey of Mortgage Originations for Public Use
  • Continued Growth in Lending, Assets, Insured Shares Reported in Third Quarter
     
• InfoSight Newsletter, Vol 16, Issue 47 (12/9/2022)
  
  • Changes to HMDA’s closed-end loan reporting threshold
  • NCUA Re-establishes AMAC as Independent Office
  • Nacha's Payments Innovation Alliance Releases New Guide Explaining and Simplifying Voice Payments Processing Using the ACH Network
     
• InfoSight Newsletter, Vol 16, Issue 46 (12/2/2022)
  
  • CECL Resources
  • CFPB Supervisory Examinations Find Credit Reporting Failures, Junk Fees, and Mishandling of COVID-19 Protections
  • Share Insurance Fund Reports Strong Performance in the Third Quarter
  • Using CFPB complaint data to help cities and counties protect the public
  • FREE BCP Webinar- Register Today!
     
• InfoSight Newsletter, Vol 16, Issue 45 (11/18/2022)
  
  • CFPB Issues Guidance to Address Shoddy Investigation Practices by Consumer Reporting Companies
  • NCUA Chairman Harper Testifies on State of the Credit Union Industry at Senate Hearing
  • CFPB Publishes New Bulletin Analyzing Rise in Crypto-Asset Complaints
     
• InfoSight Newsletter, Vol 16, Issue 44 (11/11/2022)
  
  • FREE online webinar: RecoveryPro Content Overview
  • Advance Notice of Proposed Rulemaking; Request for Public Comment.
  • NACHA Reminds Third-Party Senders to Conduct a Risk Assessment by March 31, 2023
  • NCUA’s Hood: Addressing Inequality is An Urgent Priority
     
• InfoSight Newsletter, Vol 16, Issue 43 (11/04/2022)
  
  • Content Update! – CECL
  • New Compliance Video!
  • CFPB Issues Guidance to Help Banks Avoid Charging Illegal Junk Fees on Deposit Accounts
  • NCUA Releases 2021 Credit Union Diversity Self-Assessment Results
  • NCUA Board Announces 2023 Meeting Schedule
     
• InfoSight Newsletter, Vol 16, Issue 42 (10/28/2022)
  
  • NEW Content – Person-to-Person (P2P) Transactions
  • 401(k) limit increases to $22,500 for 2023, IRA limit rises to $6,500
  • CFPB Takes Action to Address Junk Data in Credit Reports
  • NCUA Board Approves Risk Appetite Statement; Briefed on Central Liquidity Facility and Cybersecurity
     
• InfoSight Newsletter, Vol 16, Issue 41 (10/21/2022)
  
  • NCUA Releases Updates to its Automated Cybersecurity Evaluation Toolbox (ACET)
  • Agencies Announce Threshold for Smaller Loan Exemption from Appraisal Requirements for Higher-Priced Mortgage Loans
  • DEI and ACCESS Summit 2022
     
• InfoSight Newsletter, Vol 16, Issue 40 (10/14/2022)
  
  • Mortgage Borrowers Can Challenge Inaccurate Appraisals Through the Reconsideration of Value Process
  • AFP Survey Finds Businesses ‘Actively Shifting’ to ACH and Other Electronic B2B Payments
  • Updates Made to NCUA’s Simplified CECL Tool
     
• InfoSight Newsletter, Vol 16, Issue 39 (10/7/2022)
  
  • InfoSight Highlight!
  • NCUA Webinar on Defending Against Ransomware Attacks
  • Update to Cybersecurity Resource Guide for Financial Institutions
  • Federal And State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by Hurricanes Fiona and Ian
     
• InfoSight Newsletter, Vol 16, Issue 38 (09/30/2022)
  
  • RecoveryPro Presents: BCP 101 Free Webinar
  • NCUA To Begin Phase 3 Of Resuming Onsite Operations
  • NCUA Board Proposes Rule on Member Expulsion
  • Third-Party Sender Roles and Responsibilities
     
• InfoSight Newsletter, Vol 16, Issue 37 (09/23/2022)
  
  • FREE education webinar - BCP 101
  • NCUA Releases Q2 2022 State-Level Credit Union Data Report
  • CFPB Study Details the Rapid Growth of “Buy Now, Pay Later” Lending
  • FOM Modernization Bill Introduced in Senate
     
• InfoSight Newsletter, Vol 16, Issue 36 (09/16/2022)
  
  • Late Night ACH File Delivery for Many Began Sept. 12
  • NCUA Releases Simplified CECL Tool for Small Credit Unions
  • Furnishers have an obligation to investigate consumer disputes
     
• InfoSight Newsletter, Vol 16, Issue 35 (09/9/2022)
  
  • MLA Schedules Next System Release
  • NCUA Grants Will Allow Low-Income Credit Unions to Expand Service,
    Build Capacity
  • Beware of scammers pretending to be from the CFPB
     
• InfoSight Newsletter, Vol 16, Issue 34 (09/2/2022)
  
  • NCUA to Distribute $395 Million Under Corporate System Resolution Program
  • CUNA Releases August Economic Update
  • Register Now for Webinar on Climate-Related Preparedness
     
• InfoSight Newsletter, Vol 16, Issue 33 (08/26/2022)
  
  • FHFA and Ginnie Mae Announce Updated Minimum Financial Eligibility Requirements for Enterprise Seller/Servicers and Ginnie Mae Issuers
  • Registration Open for 2023 CUNA Governmental Affairs Conference
  • FTC Seeks Additional Public Comment on Advertising to Kids in Digital Media
     
• InfoSight Newsletter, Vol 16, Issue 32 (08/19/2022)
  
  • $1 Million Same Day ACH Limit Not a Greater Fraud Risk, Nacha’s RMAG Finds
  • CFPB Warns that Digital Marketing Providers Must Comply with Federal Consumer Finance Protections
  • CFPB Takes Action to Protect the Public from Shoddy Data Security Practices
     
• InfoSight Newsletter, Vol 16, Issue 31 (08/12/2022)
  
  • Registration Open for NCUA’s Bank Secrecy Act Webinar for Small Credit Unions
  • NCUA Charters WeDevelopment Federal Credit Union
  • Agencies Invite Comment on Proposed Commercial Real Estate Loan Workouts and Accommodations Statement
     
• InfoSight Newsletter, Vol 16, Issue 30 (08/5/2022)
  
  • 2022 International Credit Union Day theme announced
  • CDFI Fund Update on CDFI Certification Application Process
  • CFPB and Justice Department Caution Auto Finance Companies about Servicemember Protections
     
• InfoSight Newsletter, Vol 16, Issue 29 (07/29/2022)
  
  • Highlights: InfoSight "Remastered"
  • NCUA Board Issues Proposed Rule on Cyber Incident Reporting Requirements and Final Rule
  • CUNA Backs Board Modernization Bill Prior to Committee Markup
  • CFPB Orders Hyundai to Pay $19 Million for Widespread Credit Reporting Failures
     
• InfoSight Newsletter, Vol 16, Issue 28 (07/22/2022)
  
  • CFPB Issues an Advance Notice of Proposed Rulemaking
  • House Passes NDAA W/ SAFE Banking, CLF Extension
  • FTC Details its Enforcement Actions to Crack Down on Fraud Against the Military Community in Testimony Before House Oversight Subcommittee 
     
• InfoSight Newsletter, Vol 16, Issue 27 (07/15/2022)
  
  • New InfoSight Content- New Compliance Videos!
  • CFPB: Permissible Purposes for Pulling and Using Credit Reports
  • Joint Statement on Customer Due Diligence
  • FHA Mortgage Eligibility Expanded For COVID-19 Affected Borrowers
     
• InfoSight Newsletter, Vol 16, Issue 26 (07/1/2022)
  
  • Highlight: Happy 4th of July
  • New InfoSight Content!
  • CFPB Issues a Final Rule Amending Regulation V
  • Job Hunting? Look Out for Phony Job Postings
  • CFPB Reviewing Credit Card Penalty Rules
  • Identifying and Addressing the Financial Needs of Immigrants
     
• InfoSight Newsletter, Vol 16, Issue 25 (06/24/2022)
  
  • Highlights - Would you rather...?
  • Consumers Demanding Faster Payments
  • Chopra: CFPB Wants to Change Nature of Regulations
  • FFIEC Announces Availability of 2021 Data on Mortgage Lending
  • CFPB Studying Banks' OD Programs
     
• InfoSight Newsletter, Vol 16, Issue 24 (06/17/2022)
  
  • Highlights - Juneteenth
  • Content Update:  US Savings Bond Validation Tool
  • Request for Information Regarding Relationship Banking and Customer Service
  • FinCEN advisory on Elder Financial Exploitation
  • Bureau Publishes HMDA Beginner’s Guide
  • Senator Presses Treasury Secretary on Collection, Sale of Financial Data
     
• InfoSight Newsletter, Vol 16, Issue 23 (06/10/2022)
  
  • Highlights - Would you...
  • OFAC Publishes Russia-Related FAQs
  • FTC Business Blog on Crypto Scam Losses
  • Reminder:  2022 CDRLF Grant Round Closes June 24
  • FTC Proposes Changes to Telemarketing Sales Rule
  • Protecting Servicemenbers from Abuses of the Military Allotment System
     
• InfoSight Newsletter, Vol 16, Issue 22 (06/01/2022)
  
  • Highlights - June is Pride Month!
  • CFPB Acts to Protect the Public from Black-Box Credit Models Using Complex Algorithms
  • FHFA Requires New Public Disclosures by Enterprises
  • MLA System Release Due June 30
  • CFPB: Credit Card Payment Data Suppression May Harm Consumers
  • U.S. House Prices Continue Upward Climb
     
• InfoSight Newsletter, Vol 16, Issue 21 (05/27/2022)
  
  • Highlights - Make Sure Your Voice is Heard!
  • Fifth Circuit Holds Oral Argument in Challenge to CFPB's Payday Lending Rule Payment Provisions
  • NCUA Letter to Credit Unions Re: Federally Insured Credit Union Use of Distributed Ledger Technologies
  • NCUA Statement on Committee Passage of Vendor Authority and Underserved Areas Bills
  • Did the DOJ Issue ADA Website Accessibility Regulations?
  • CFPB: States Can Enforce Federal Consumer Protection Laws
     
• InfoSight Newsletter, Vol 16, Issue 20 (05/20/2022)
  
  • Highlights - 2022 League InfoSight User Survey - Still Open!
  • New InfoSight Content:  US Savings Bonds
  • Revised Interagency Q&As on Flood Insurance
  • National Illicit Finance Strategy For 2022
  • VA Amends Regs on Fiduciary Activities
  • CFPB Wants Consistent Enforcement of Consumer Financial Protections
  • Fed Board Amends Rates in Regs A and D
     
• InfoSight Newsletter, Vol 16, Issue 19 (05/13/2022)
  
  • Highlights - 2022 League InfoSight User Survey
  • Advisory Opinion on Coverage of Fair Lending Laws
  • FTC Shuts Down 'The Credit Game' As Scam
  • Nacha Guide on Voice Payments Contract Issues
  • Preventing and Reporting Scams of Older Adults
  • Learn How Credit Unions Can Protect Older Americans Against Financial Exploitation
     
• InfoSight Newsletter, Vol 16, Issue 18 (05/06/2022)
  
  • Highlights - InfoSight Content Updates
  • CFPB Issues Spanish Model and Sample Forms
  • FTC Proposes Protection Against Telemarketing for Small Business
  • Ukraine-Related Sanctions Regs Amended, Renamed and Reissued
  • FSB Report on Approaches to Climate-Change Risks
  • FHFA Mandates Use of Supplemental Information Form
     
• InfoSight Newsletter, Vol 16, Issue 17 (04/29/2022)
  
  • Highlights - From Template to Preparedness
  • CFPB Report on Medical Billing Complaints
  • U.S. Targets Facilitators of Russian Sanctions Evasion
  • New HUD Guidance on Subsidized Multifamily Housing
  • Comments Due on PCA Relief Extension, Digital Currencies
  • CFPB Invokes Authority to Examine Non-Bank Financial Companies
     
• InfoSight Newsletter, Vol 16, Issue 16 (04/22/2022)
  
  • Highlights - Rather get picked last for dodgeball than get audited?
  • CFPB FDCPA Report to Congress
  • FHFA Finalizes Strategic Plan
  • Proposal Would Update Uniform Practice, Procedure Rules
  • NCUA’s New Guide Simplifies, Clarifies Federal Credit Union Charter Application Process
  • FHA adds 40-Year Mortgage Modification Option
     
• InfoSight Newsletter, Vol 16, Issue 15 (04/15/2022)
  
  • Highlights - What If? RecoveryPro Can Help
  • CFPB Charges Transunion and Executive with Violating 2017 Order
  • CFPB Proposing Reg V Human Trafficking Amendment
  • NCUA Releases Community Development Revolving Loan Fund Report to Congress
  • FinCEN and Digital Identity
  • Establishment of the Bureau of Cyberspace and Digital Policy
     
• InfoSight Newsletter, Vol 16, Issue 14 (04/08/2022)
  
  • Highlights - Quartely Update Videos are BACK!
  • 2022 "Getting it Right" Published
  • Treasury Targets Sanctions Evaders and Russian Tech Companies
  • FinCEN Fines Fragrance Dealer $275,000 for GTO Violations
  • FBI and International Partners Stop Wire Transfer Schemes
  • NCUA to Begin Phase 2 of Resuming Onsite Operations
     
• InfoSight Newsletter, Vol 16, Issue 13 (04/01/2022)
  
  • Highlights - Account Insurance Estimator
  • NCUA Heightened Risk of Phishing Attacks
  • Bureau Extends Comment Period on "Junk Fees" RFI
  • OFAC Widens Scope of Russia-Related Sanctions
  • Action Plan for Fighting Bias in Appraisals
  • FinEN Updates SAR Filing Trends by Industry
     
• InfoSight Newsletter, Vol 16, Issue 12 (03/25/2022)
  
  • Highlights - RecoveryPro video tour
  • DOJ Issues Guidance on ADA Web Accessibility
  • Letter to Federal Credit Unions Final Rule on Definition of Service Facility
  • USAA FSB Fined $140M for BSA/AML Violations
  • FTC Stops Credit Repair Scheme
  • SBA Deferring Payments on EIDLs
     
• InfoSight Newsletter, Vol 16, Issue 11 (03/18/2022)
  
  • Highlights
  • CAMELS - More Information
  • CFPB: New Effort Focused on Financial Issues Facing Rural Communities
  • Executive Order on Development of Digital Assets
  • Russian State-Sponsored Cyber Actors Access Network Misconfigured with Default MFA Protocols
  • CFPB blog on Homeowner Assistance Fund
     
• InfoSight Newsletter, Vol 16, Issue 10 (03/11/2022)
  
  • Highlights - "What if?"
  • FinCEN Issues Alert on Potential Russion Sanctions Evasion Efforts
  • NMLS Password Rules Changing This Month
  • CFPB Issues Report on Medical Debt
  • NCUA Issues Letter Regarding CAMELS
  • Registration Open for March 23 NCUA Overdraft Protection Programs Webinar
     
• InfoSight Newsletter, Vol 16, Issue 9 (03/04/2022)
  
  • Highlights - InfoSight Exclusive Products Available
  • Protecting Your Information
  • NCUA Cybersecurity Alert
  • CFPB Bulletin on Vehicle Repossessions
  • Short Sale Disclosure Rule Proposed
  • Register Now for NCUA's CAMELS Webinar on March 10
     
• InfoSight Newsletter, Vol 16, Issue 8 (02/25/2022)
  
  • Highlights - Black History Month
  • Call Report Modernization
  • FinCEN Program Aids in Recovery of Over $1.1B in Losses
  • CFPB Acts to Protect Consumers with Government Benefit Accounts
  • Interim Final Rule on Prompt Corrective Action Relief Renewed
     
• InfoSight Newsletter, Vol 16, Issue 7 (02/18/2022)
  
  • Highlights - Don't spend your time guessing!
  • NEW Content in the Investment Channel
  • FinCEN: Beneficial Ownership Reporting and Next Steps
  • Consumers Getting Runaround from NCRAs
  • FinCEN Program Aids in Recovery of Over $1.1B In Losses
  • CFPB Shares Info on Homeowners Assistance Fund
  • Nacha Adopts Rule for Micro-Entries
     
• InfoSight Newsletter, Vol 16, Issue 6 (02/11/2022)
  
  • Highlights - Searchable FAQs
  • NEW and UPDATED Content in the Security Channel
  • NCUA Issues Regulatory Alerts Re: HMDA Requirements
  • CFPB Posts Reference Chart for 2022 Reportable Data
  • PPP Partial Forgiveness Decision Reviews Allowed
  • DHS Launches Cyber Safety Review Board
  • FinCEN Extends Comment Period on Real Estate ANPR
     
• InfoSight Newsletter, Vol 16, Issue 5 (02/04/2022)
  
  • Highlights - Finding a Unicorn
  • New Topic Added to Tax Issues Channel
  • Credit Unions Encouraged to Implement Measures Against Possible Threats
  • Register for NCUA's "Call Report Changes" Webinar
  • CFPB Initiative to "Save Americans Billions in Junk Fees"
  • NCUA Proposes Rule on Succession Planning
  • CFPB Posts Lists of Rural or Underserved Counties
     
• InfoSight Newsletter, Vol 16, Issue 4 (01/28/2022)
  
  • Highlights - Compliance Dates You Don't Want to Miss!
  • New InfoSight Content
  • New Status of the OSHA COVID-19 Vaccination and Testing ETS
  • Report on Fiancial Services Diversity And Inclusion
  • OFAC Targets Russian-Backed Actors Destabilizing Ukraine
  • FFIEC Best Practices for Exam Information Requests
  • CFPB Offers Free Webinar – Feb. 3, 2022
     
• InfoSight Newsletter, Vol 16, Issue 3 (01/21/2022)
  
  • Highlights - Risks aren't always so easy to identify
  • NEW Update on COVID-19 Vaccination and Testing ETS
  • CFPB Alert on Discrimination Involving Religion
  • NCUA’s 2022 Supervisory Priorities
  • CFPB Bulletin on Unlawful Medical Debt Collection and Reporting
  • FDIC & FinCEN Announce Digital ID Proofing Tech Sprint
     
• InfoSight Newsletter, Vol 16, Issue 2 (01/14/2022)
  
  • Highlights - Compliance Doesn't Just Happen
  • Update on COVID-19 Vaccination and Testing ETS
  • MLO Registration Reactivation Period
  • FinCEN Seeks to Streamline, Modernize, and Update BSA Rules
  • NCUA Revises Its Call Report Beginning with March 2022 Reporting Cycle
  • NCUA Extends Credit Union Diversity Self-Assessment Deadline to Jan. 31
     
• InfoSight Newsletter, Vol 16, Issue 1 (01/07/2022)
  
  • Highlights - New Year's Resolutions
  • CFPB: HMDA Filing Period Has Begun
  • MLA Database Update
  • Annual Threshold Changes
  • Transitioning Away from LIBOR - Whitepaper
  • Reminder:  Diversity Self-Assessment due by Jan. 15