Latest ViClarity Newsletter Now Available

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The August edition of the ViClarity Newsletter is now available. ViClarity, a benefit of League membership, is an award-winning RegTech solution tailored for your Governance, Risk and Compliance (GRC) needs. Please check your email or click here to access the newsletter using your email address and your California or Nevada Credit Union League members-only password.

Inside this month's newsletter:

ViClarity Q3 League Town Hall | Sept.  29
Join us for a discussion on the hot topic of Fair Lending Compliance, including key findings from the 2021 Consumer Financial Protection Bureau (CFPB) Fair Lending Report to ensure that credit unions are prepared to mitigate these types of risks. Register today.

CFPB Interpretive Rule on 2021 Juneteenth Federal Holiday and Certain Mortgage and Disclosure Timing Requirements
On Aug. 5, the CFPB issued an interpretive rule to help the mortgage industry better understand how they should handle the Juneteenth Federal Holiday which took place on June 19, 2021.

Report Regarding Mortgage Servicers’ Varied Responses to the Pandemic
On Aug. 10, the CFPB published a report that detailed 16 large mortgage servicers’ responses to the COVID-19 Pandemic.

Resource for People in Transition from Incarceration
On Aug. 17th, the CFPB released a tool to financially empower individuals that are transitioning out of incarceration and reentering “outside” life. Aside from reentry challenges such as housing and employment, many individuals will experience difficulties in obtaining access to the banking system.

NCUA to Hold September 8th Webinar on Modernized Examination Tools
On Aug. 19, the National Credit Union Administration announced that they will be hosting a webinar on their new modern examination platforms and systems including the agency’s Modern Examination & Risk Identification Tool (MERIT).

NCUA Update on FFIEC Guidance on Authentication and Access to Financial Institution Services and Systems
On Aug. 11, the NCUA provided an update to credit unions regarding the Federal Financial Institutions Examination Council (FFIEC) releasing a new guidance on the authentication and access to financial institution services and systems.

Compliance Hotline
As a reminder, you have access to the team of ViClarity’s compliance experts for all your compliance questions--an exclusive Leagues’ member benefit. The ViClarity team of experts is ready to dig deep and answer your compliance questions, helping you navigate the challenging regulatory environment. Call 844-731-6072 or email CANV@viclarityus.com.

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