On September 28, the DCU released Bulletin B-16-16 regarding the use of Power of Attorneys for vehicle loans. The DOL will now require a separate power of attorney to be signed by the member, not an employee of the credit union, using general power of attorney language contained within consumer loan agreements. Practice of Using… Read More »
The Federal Housing Finance Agency (FHFA) issued a notice regarding publication of the redesigned Uniform Residential Loan Application (URLA) form. According to the FHFA, “although final implementation of the new loan application is still more than a year away, and the application must still undergo “safe-harbor” review by the Consumer Financial Protection Bureau, we anticipate… Read More »
The Division of Credit Union (Division) announced that it is enhancing its safety and soundness examinations to include Electronic Payment System (EPS) reviews. EPS exams will be performed by Division examiners beginning in 2017. The Division will perform one or two pilot test payment system exams at credit unions in the fourth quarter of 2016… Read More »
The Federal Financial Institutions Examination Council (FFIEC) has revised the “Information Security” booklet of the FFIEC Information Technology Examination Handbook (IT Handbook). The “Information Security” booklet is one of 11 that make up the IT Handbook. The revised “Information Security” booklet provides guidance to examiners and addresses factors necessary to assess the level of security risks to… Read More »
The NCUA issued a Letter to Credit Unions (16-CU-05) regarding voluntary diversity and inclusion polices. If you remember, back in June 2015, the banking brotherhood (NCUA, FDIC, ect.) issued final standards for voluntary assessment of diversity policies and practices in regulated entities. We blogged about it on our SharePoint site and it is reprinted below…. Read More »
Compliance Services Group Copyright 2026.© All Rights Reserved | Privacy Policy
No Legal Advice Intended
The information on this website is provided as a service to our clients and visitors. The contents of this website, and the posting and viewing of the information on this website may convey information that can be characterized as “law related services” as defined by Rule 5.7 of the Rules of Professional Conduct (“RPC”) governing lawyers, but should not be construed as, and is not intended to be legal services, legal advice, or forming a client-lawyer relationship. Since CSG is not engaged in the practice of law, neither our services nor our relationship will be governed by the RPCs governing lawyers including, but not limited to, specific RPC rules applicable to privileged communications and prohibitions of conflicts of interest. While CSG uses reasonable efforts to include accurate, up-to-date information on this website, CSG makes no warranties or representations as to its accuracy and assumes no liability or responsibility for any errors or omissions in the content of this website or any third-party websites accessed through links from this website.
Formal Agreement Required for Services
You cannot engage CSG to render services for you through e-mail. CSG is not committed to provide services of any kind to you unless a formal services agreement has been executed by both you and CSG. CSG makes no commitment to you to maintain the confidentiality of any e-mail you send to us nor to respond to any e-mail.
Copyrights
Except for information in the public domain, or whether other ownership is acknowledged, CSG owns the copyright to this web site and all of its content. You may not copy or distribute materials from this web site except for personal, noncommercial use.
Links
Links provided by this web site are to assist our clients and visitors in identifying other useful resources and are not intended to state or imply that CSG sponsors or is associated with these resources or endorses or recommends any of the third party information, products, or services found there.