Ensuring CFPB Compliance in 2018


What should credit unions focus on in 2018?

In December 2017, the National Credit Union Administration (NCUA) announced their primary areas of supervisory importance for 2018. These are the areas that credit unions should focus on when it comes to achieving compliance in 2018:

  • Data Security
  • Bank Secrecy Act Compliance
  • Internal Controls and Fraud Prevention
  • Interest Rate/Liquidity Risk
  • Automobile Lending

How can credit unions ensure compliance in 2018?

At ConServe, we offer collection services to credit unions that emphasize compliance, ethics and integrity. We’ve identified three crucial categories that credit unions should address to be compliant in 2018:

  • Information sharing and privacy
  • Disputes and Reporting
  • Document Management

Want to learn how to ensure compliance in these three areas in 2018?

Download our compliance checklist for 2018!

How Compliance Impacts Debt Collection Management
Welcome to the ConServe CU Collections Blog

This website contains articles and third-party links posted for informational and educational value. ConServe is not responsible for information contained within any of these materials. Any opinions expressed within materials are not necessarily the opinion of, or supported by, ConServe. The information in these materials should not be considered legal advice, and is not intended to be a full and exhaustive explanation of the law in any area. This information should not be used to replace the advice of your own legal counsel.

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