NCUA 2024 Supervisory Priorities: In late January, the NCUA issued its annual supervisory priorities for its 2024 examination program.
CFPB Issues Revised Supervisory Appeal Process: On February 16, the Consumer Finance Protection Bureau (CFPB) issued its revised Supervisory Appeal Process on how financial institutions can appeal findings from examinations last updated in 2015. FCC Revocation of Consent Rule: On February 16, the Federal Communications Commission (FCC) approved its proposal on revocation of consent under the Telephone Consumer Protection Act (TCPA) codifying and strengthening its prior guidance against robocalls. FTC Seeks Further Comment on Final Rule to Fight AI Impersonation of Individuals: On February 15, the Federal Trade Commission (FTC) issued supplemental notice of proposed rulemaking seeking further comment on a rule that would prohibit the impersonation of individuals by using artificial intelligence (AI). AI Update: On January 12, the House Financial Services Committee announced the formation of a bipartisan 12-member workgroup on Artificial Intelligence (AI) and its impact on financial services to better regulate the rapid implementation of AI into operational matters by financial institutions and third parties. NCUA Issues HMDA Regulatory Alert: On February 1, the National Credit Union Administration (NCUA) issued a regulatory alert (24-RA-01) for Home Mortgage Disclosure Act (HMDA) requiring compliance with the Consumer Financial Protection Bureau (CFPB)’s Reg C. NCUA Adopts Interpretive Ruling on Minority Deposit Institution Preservation Program: The National Credit Union Administration Board held its second open meeting of 2024 and adopted revisions to an interpretive ruling and policy statement (IRPS) 13-1, governing the Minority Depository Institution (MDI) Preservation Program for credit unions. Comments are closed.
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The PulseThe Pulse is MnCUN's newsletter that keeps credit union professionals and board members updated on current news and information. Archives
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