By John Zasada, JD, CAMS – Shareholder, Financial Institutions Group

On Jan. 18, 2023, the National Credit Union Administration (NCUA) released its 2023 Supervisory Priorities. Compliance, of course, is once again one of their supervisory priorities, with the following focus areas mentioned:

  • Flood Disaster Protection Act, including disclosure requirements
  • Overdraft programs, including website advertising
  • Fair lending, including review of residential real estate appraisals for any bias
  • The Truth in Lending Act, including auto lending
  • The Fair Credit Reporting Act, including adverse action notices

Doeren Mayhew’s regulatory compliance specialists can help ensure you stay in compliance and are ready for your exam. Contact us today!