LSCU BSA Workshop scheduled for October

You can now register for the LSCU Bank Secrecy Act Workshop in Mobile, AL, on Oct. 9. Credit union staff, board members, and volunteers needing to fulfill the requirements for BSA training. There are three options for attending: BSA Essentials/$85, BSA Advanced/$85, or both sessions/$155. Click here to sign up today.

InfoSight Spotlight: Fed now ushers in new era of real time payments

The Federal Reserve Board ended months of speculation with a recent announcement that it plans to develop a “round the-clock, real-time payment, and settlement service.” Branded FedNow, the service will offer US financial institutions an alternative to the RTP rails launched by The Clearing House in late 2018. According to the Fed, more than 90 […]

League InfoSight and AffirmXCU invest in state association-driven regulatory compliance solutions

League InfoSight, a consortium of state credit union associations, has agreed to sell its compliance management system, ComplySight, to AffirmXCU, LLC. The sale includes a combination of cash and stock, and a seat on AffirmCU’s board for League InfoSight. Together the two compliance management systems serve more than 370 credit unions spanning nearly every state. […]

InfoSight Spotlight: CFPB updates FAQ guidance on the TRID Rule

In the most recent edition of InfoSight, you’ll learn the CFPB recently updated its FAQ guidance on the TRID Rule, adding five questions related to providing loan estimates to consumers: 1. When is a creditor required to provide a loan estimate to a consumer? 2. Can creditors require consumers to provide additional information (other than […]