Compliance Blog discusses Loper ruling, FCC ruling on robocalls, NCUA-acceptable terms

What to expect from regulatory agencies post-Loper decision, the FCC’s revocation of consent rule, and what terminology to use when discussing share certificates were the topics of the latest Compliance Blog entries from America’s Credit Unions’ compliance team. 
Latest entries include:

• “Loper, Chevron, and The Accompanying Presidential Memo” provides context on the Loper decision, which overturned the Chevron Deference, as well as the most recent Presidential Memorandum that requires federal agencies to unilaterally repeal facially unlawful regulations. The entry discusses what credit unions can expect from the NCUA and CFPB now that Chevron has been reversed.
• “The Revocation of Consent Rule: What is it and When is it Effective?” explains the now delayed FCC rule that allows consumers more control over their ability to withdraw consent from marketing communications, namely “robocalls” and “robotexts.” The entry also covers why the ruling was delayed and how credit unions can comply with the rule once effective.
• “Share Certificate or CD?” discusses best practices when describing share certificates. The NCUA has specific requirements regarding correct terminology of “accounts” and acceptable synonyms. The compliance team breaks down what the NCUA defines as acceptable terms as well as provides commentary on best practices for credit unions to follow.

The compliance team provides new blog entries every Tuesday and Thursday. Subscribe to receive email updates from the Compliance Blog.