Compliance & Regulatory Updates: March 3, 2021

BSA/AML Examination Manual Updated
Last week the Federal Financial Institutions Examination Council (FFIEC) released updates to the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual (Manual).

FHFA Extends Forbearance Period and Foreclosure and Eviction Moratoriums
The Federal Housing Finance Agency (FHFA) announced extensions of several COVID-19 related mortgage relief policies.

MnCUN to Host Roundtable Discussion on Board Election Practices and Governance
As a result of COVID-19, many credit unions revisited their policies on governance, including annual meetings, regular board meetings and board election processes. 

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