5 things to know this week
NAFCU's widely-read NAFCU Today is credit union leaders' go-to source
for the latest on issues impacting the credit union industry. For those short
on time, here's a roundup of this week's top need-to-know news, including
House passage of a revised relief package, insights into PPP fraud, a FinCEN advisory on ransomware attacks, and more.
CFPB releases TRID assessment
The CFPB Thursday published an assessment of the Truth in Lending Act/Real Estate
Settlement Procedures Act integrated disclosure (TRID) rule. Of note, the bureau
found that TRID has "improved consumers' ability to locate key information,
compare terms and costs between initial disclosures and final disclosures, and
compare terms and costs across mortgage offers."
This
week on the Compliance Blog: Part 2 of CFPB supervisory highlights, open-end credit payments, more
As credit unions work to meet members' needs during the coronavirus pandemic
and resume normal operations, NAFCU's award-winning Regulatory Compliance
Team will continue to keep credit unions informed with new posts on the Compliance
Blog every Monday, Wednesday, and Friday.
See what's happening in the NAFCU Cybersecurity
& IT Network
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NAFCU
supporting CUs through timely virtual education opportunities
While
much of credit unions' operations have changed amid the coronavirus pandemic,
NAFCU's commitment to providing top-notch education and training resources
– with the tools and strategies needed to grow and succeed – has remained
constant. In order to help credit unions meet the needs of their members and their
communities, NAFCU has several educational opportunities this month for credit
unions on a variety of timely issues, including risk, cybersecurity, insurance issues, and more.
