September ViClarity Newsletter Now Available

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The September 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:

CFPB Report Regarding Consumer Complaint Patterns by Different Demographics
On Sept. 23, the CFPB released its first in-depth report that analyzed complaint submission patterns by U.S. Census tract characteristics.

CFPB Sues Lender for Deceiving Borrowers
On Sept. 8, the CFPB released an article regarding their recent suing of an online lender named LendUp for deceiving borrowers by misrepresenting products and not providing timely and accurate Adverse-Action Notices to applicants.

FinCEN Releases Notice Regarding Online Child Sexual Exploitation Crimes
On Sept. 16, FinCEN released a notice to the financial services industry to call attention to the increase in online child sexual exploitation or OCSE.

NCUA Releases State Credit Union Data Report for the 2nd Quarter of 2021
On Sept. 15, the NCUA released its State Credit Union Data Report for the 2nd Quarter of 2021. This report depicted strong asset and share-and-deposit growth over the year ending in the 2nd Quarter of 2021 for federally insured credit unions (FICUs).

NCUA to Begin Pilot of Post-Exam Survey for Federal Credit Unions
On Sept. 15, the NCUA released a Letter to Credit Unions regarding the upcoming pilot of a post-exam survey for federal credit unions (FCUs).

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