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NCUA Highlights Fair Lending Risk Areas

02.24.22
On Feb. 22, 2022, the National Credit Union Administration (NCUA) issued Letter to Credit Union 22-CU-04 highlighting the Equal Credit Opportunity Act (ECOA) and areas believed to pose heightened fair lending risk. The ECOA prohibits lending discrimi...
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CFPB Announces Junk Fees Initiative

01.27.22
On Jan. 26. 2022, the Consumer Financial Protection Bureau (CFPB) announced a new initiative to address what they deemed are exploitative junk fees charged by financial institutions and financial companies. According to the CFPB’s research, in 2019...
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CFPB Concerned About Religious Discrimination

01.19.22
On Jan. 14, 2022, the Consumer Financial Protection Bureau (CFPB) issued a blog post about it being illegal for financial institutions to penalize borrowers for being religious. CFPB examiners found some lenders violated fair lending laws by improper...
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NCUA Issues 2022 Supervisory Priorities

01.18.22
On Jan. 18, 2022, the National Credit Union Administration (NCUA) issued Letter No: 22-CU-02 containing the NCUA’s Supervisory Priorities for 2022. Consistent with the past several years, one of the NCUA’s top Supervisory Priorities is the Bank S...
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