Compliance Blog

Written by JiJi Bahhur, Regulatory Compliance Counsel

TGIF!  And as my gift to you, I thought I’d keep Friday nice and simple with a few tidbits that have surfaced in the past week or so. 

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Fair Debt Collections Practices Act.  The CFPB has submitted to Congress its first annual report summarizing its past year’s activities to administer the Fair Debt Collection Practices Act (FDCPA).  These activities are part of the CFPB’s overall scheme to inhibit deceptive, unfair, and abusive debt collection practices in the marketplace.  To view the report, click here. 

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CDRLF Loan Available to Low-Income-Designated CUs.  NCUA will be taking applications from low-income credit unions who are interested in receiving loans from the Community Development Revolving Loan Fund (CDRLF) for several purposes, including the development of new products or services for members, partnership agreements with community-based service organizations or government agencies, loan programs, operational programs, and/or acquisition, expansion or improvement of office space or equipment. 

Applications will be taken from May 22 to December 31 of this year.  For more information on this program, check out the Federal Register notice. 

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March Madness Compliance Webcast Series.  If you were busy at School or with other issues – don’t you fret – you can still purchase the on-demand versions of the three compliance webcasts offered by NAFCU in March.

Preparing for the Heightened Scrutiny of CUSOs
Learn More

Powers of Attorney and Subpoenas:
The Risks, Abuses and Potential Liabilities to Credit Unions
Learn More

Credit Union Litigation: Protect Your Credit Union from Member Lawsuits
Learn More

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