The U.S. Department of Labor recently released a revised Unemployment Insurance Program letter to clarify how state workforce agencies deliver unemployment benefits payments to consumers.
This new guidance incorporates insights from recent Consumer Financial Protection Bureau (CFPB) research on “junk fees” and other consumer risks in public benefits and prepaid cards, and ensures critical consumer protections under CFPB rules are incorporated into how states deliver these benefits.
You can read more here.
Access the ‘Compliance Hotline’
Your League-member benefits include the Compliance Hotline — providing exclusive access to dedicated compliance experts:
Using the above phone number and email address, you can gain access to a knowledgeable team that’s ready to address all your credit union’s compliance inquiries — promptly and efficiently. With the Compliance Hotline, you can proactively respond to impromptu questions and issues by getting clarity and insight on technical topics that normally slow you down. We want to help you unlock the full potential of your League membership by leveraging the resources and support you need to navigate the complex world of compliance effortlessly. We’re ALWAYS just a phone call or email away!
Additionally, other League-member compliance resources include:
For more information, email Lisa Quaranta.
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