Regulatory & Compliance

Continuity Control's Perdue says nearly 12% of community financial institutions facing reg action of some kind.

Continuity Control's Perdue says nearly 12% of community financial institutions facing reg action of some kind.

Continuity Control consultant sees scrutiny moving downstream to smaller financial institutions.

Continuity Control consultant sees scrutiny moving downstream to smaller financial institutions.

Whether it's a question about member business lending or which activities CUSOs are allowed to engage in, CUSO executives said the NCUA's guidance letters have long been a go-to for answers and regulatory interpretations.

The NCUA posted a three-part Consumer Protection Update on its consumer website MyCreditUnion.gov that explains new mortgage lending and international remittances rules required under the Dodd-Frank Act.