Compliance News: July 22, 2020

Bureau Announces Regulation Z Threshold Adjustments
The Bureau of Consumer Financial Protection (Bureau) is required to calculate annually the dollar amounts for several Regulation Z thresholds. 

Recording of Webinar on Updates to Minnesota’s Laws Protecting Vulnerable Adults Available
The recording of the webinar on Updates to Minnesota’s Laws Protecting Vulnerable Adults – Impact on Credit Unions is now available on MnCUN’s website (Login required). 

Unemployment Benefits Fraud Continues to be a Problem
Many Minnesota credit unions continue to be targeted by a large-scale scam involving fraudulent unemployment benefits claims. The Minnesota Credit Union Network put out a fraud alert on this issue in late May. 

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