Winning Back-Office Strategies to Boost Your Business Agility
Today’s business landscape continues to evolve at a rapid pace, pushing business owners to explore ...
Read Full Article 
VIEWpoint Issue 1 | 2023
2023 Compliance Trends: Staying Ahead in an Evolving Regulatory E...
2023 Tax Calendar
John Zasada, Compliance Consulting Director, Financial Institutions Group
On March 2, 2021, National Credit Union Administration (NCUA) Chairperson Todd Harper spoke at the CUNA GAC Conference. His remarks highlighted the NCUA is at a crossroads for several important areas, including regulatory compliance. Mr. Harper believes the agency must do more to ensure credit unions are complying with federal consumer protection regulations.
In some cases, NCUA examiners found weaknesses in credit union compliance management systems. NCUA examiners also found compliance violations of the Fair Credit Reporting Act, Electronic Fund Transfer Act and the Truth in Lending Act. Due to compliance management system deficiencies, as well as violations of the aforementioned regulatory requirements, Mr. Harper is calling for NCUA to create a dedicated program to supervise for compliance with consumer financial protection and fair lending laws.
Need assistance with your credit union’s regulatory compliance management? Contact Doeren Mayhew’s regulatory compliance specialists.
A quick registration is required to view our resources.
You will only be asked to do this one time (unless you don't save your browser cookies).