America’s Credit Unions’ Compliance Team continues to update the Compliance Blog every Tuesday and Thursday with information to keep credit unions up to date on rules and regulations.
Here’s a roundup of the latest blog posts:
- Fraudulent IDs: What You Need to Know, discusses criminals’ use of counterfeit IDs, including which types of IDs might be used, behavior indicators of fraud i, and practical tips for credit unions to mitigate the risk of counterfeit IDs;
- Can a Credit Union Change a Members Payment Due Date?, detailing regulatory requirements for changing members’ payment due dates on open-end and closed-end credit; and
- Junk Fees and Residential Mortgage Transactions, which covers the CFPB’s reporting on unlawful junk fees in mortgage servicingover the past year, leading up to the current Request for Information on fees in residential mortgage transactions.
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