Regulatory winds are changing: Are you prepared for increased complexity and scrutiny?

Credit Union National Association | Oct 18, 2021 | by Amanda Phillips, EVP of Compliance at ACES Quality Management

Published October 18, 2021

The regulatory forecast has warned of increasing regulations and requirements over the last year, and those predictions are now coming to fruition.

The recently issued Memorandum of Understanding (MOU) between the National Credit Union Administration (NCUA) and the Consumer Financial Protection Bureau (CFPB) discusses the regulators’ plans to be more collaborative and consistent. This alignment of regulatory enforcement styles has already brought increased scrutiny to credit unions, as NCUA exams have become increasingly more detailed.

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