Regulatory and Compliance Updates: Feb. 24, 2021

$300 Million Settlement Reached in Remote Deposit Capture Lawsuit
United States Automobile Association (USAA) and Wells Fargo have reached a $300 million settlement in their dispute over remote deposit capture technology (RDC) patents

Summary of NCUA Board Meeting
The National Credit Union Administration Board (Board) met last Thursday (2/18). This was the first meeting under the leadership of Chairman Harper.

Training and Overview of CUNA’s Compliance Management System in March
On March 11, from 10 – 11:30 the Minnesota Credit Union Network and CUNA will host a training and overview of CUNA’s Compliance Management System (CU-CMS).

Bureau Reconsidering Recent QM Rules
 
The Consumer Financial Protection Bureau (Bureau) issued a statement yesterday regarding General QM Loans and the recently created Seasoned QM Loans. 

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