Yesterday, the Consumer Financial Protection Bureau (CFPB) issued new interpretive guidance on the TILA-RESPA Integrated Disclosure (TRID), which is intended to make it easier for consumers with urgent financial needs to obtain access to mortgage...
Federally insured, low-income-designated credit unions can request grants and loans from the National Credit Union Administration (NCUA) to assist members, businesses, and communities experiencing economic hardships due to the COVID-19 pandemic. The...
The LSCU is asking credit union leaders to take a few moments to complete our COVID-19 Impact Survey, which will help us track and share the ways our affiliated credit unions are helping members weather this pandemic. In the coming weeks, we will...
Vining Sparks is presenting its fifth webinar of the year on May 14 exclusively for credit unions. In July 2017, the Financial Conduct Authority announced that the world’s most important financial index, the London Inter-Bank Offered Rate (LIBOR)...
In the latest edition of Love My Credit Union Rewards, the newsletter addresses how COVID-19 has altered the IRS tax filing deadline. The Treasury announced that the federal tax filing deadline will be extended to July 15. Members that are getting a...
On Tuesday, several Georgia credit unions logged into the first ever Virtual Small Credit Union Summit hosted by LSCU and sponsored by Corporate America Credit Union. This virtual event, originally scheduled to be an in-person conference before the...
The FTC warns that additional funding for SBA’s Paycheck Protection Program (PPP) or the Economic Injury Disaster Loans (EIDL) program has scammers eager to try to get a portion of those funds through clever online and email ruses. Rosario Méndez...
In the midst of pandemic pressure on local businesses, credit unions are responding to a “Challenge” set forth by the Southeastern Credit Union Foundation (SECUF), and our credit union people in all three states are truly helping people...
As credit union professionals practice social distancing, they can still meet training requirements without ever leaving their offices or their homes. The LSCU education department is planning a Bank Secrecy Act (BSA) Virtual Workshop on May 20 for...
By Mike Lee LSCU Director of Regulatory Advocacy In a webinar on Friday, regulators delved further into the issue of loan modifications. They presented clarification to their April 7 inter-agency guidance, including providing some distinctions...