Compliance Newsletter – Oct. 24, 2023

October 24, 2023

In this week’s Compliance Newsletter:

• NCUA: Resumption of Federal Student Loan Payments
• NCUA: Proposed Rule — Simplification of Insurance Rules
• NCUA: Proposed Rule — Fair Hiring in Banking
• CFPB Issues Guidance to Halt Large Banks from Charging Junk Fees for Basic Customer Service
• CFPB Supervisory Highlights Junk Fees Update Special Edition
• Vast Majority of NSF Fees Have Been Eliminated, Saving Consumers Nearly $2 Billion Annually
• CFPB and DOJ Joint Statement on Fair Lending and Credit Opportunities for Noncitizen Borrowers Under the Equal Credit Union Opportunity Act
• CFPB Proposed Rule on Personal Financial Data Rights
• IRS: Agency Finalizing Direct File Pilot Scope
• IRS Announces Withdrawal Process for Employee Retention Credit Claims: Special Initiative Aimed at Helping Businesses Concerned About an Ineligible Claim Amid Aggressive Marketing Scams
• FinCEN Proposal of Special Measure Regarding Convertible Virtual Currency Mixing
• FinCEN Issues Alert to Financial Institutions to Counter Financing to Hamas
• League InfoSight Highlight: CFPB Advisory Opinion – Fees for Basic Customer Service
• League InfoSight Highlight: Recent Content Updates — CU PolicyPro and RecoveryPro
• CURI Corner: Welcome Our Newest Team Member, Emma Mason
• Articles of Interest
• Scam Updates
• Compliance Calendar
• Question of the Week

Posted in Compliance Resources.