Compliance and Regulatory Affairs News: Aug. 12

FFIEC Issues Statement on Additional COVID-19 Related Loan Accommodations
On August 3, the Federal Financial Institutions Examination Council (FFIEC) issued a statement providing risk management and consumer protection for working with borrowers as loans near the end of COVID-19 related accommodation periods. 

Regulators Issue Alerts on COVID-19 Related Fraud
Fraudsters are continuing to use vulnerabilities created by the COVID-19 pandemic to perpetuate crimes. 

CUNA Releases Updated MLA Card Fee Spreadsheet
CUNA has updated its Military Lending Act (MLA) credit card fee spreadsheet for the second quarter of 2020. 

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