With fraud and elder abuse on the rise, a credit union attorney advises on how to handle these documents to ensure caution and prudence.
Some credit unions that have loans to sell through loan participations are helping the yield of other credit unions so long as the transaction is properly structured and as many protections are in place as possible.
Fair Debt Collection Practices Act regulations covering collections from estates especially relevant to CUs using third-party collectors.
ADA standards must be met, and credit unions should protect against scammers who remove fee notices and then sue.
It seems as though almost daily a new regulation is published or an existing regulation is modified. What are credit unions to do? What about the concept of ignorance of the law? What about not complying?