Most Popular Compliance Content
Late ACH Returns
10/16/2022
We have an ACH compliance question. One of the credit unions that we audit has reached out regarding an ACH return request. They received the request on 9/1/2022; however, the effective date of the transaction was 7/22/2022. This was returned R06-Returned per ODFI's request and appears to be outside of the requirements for the time of return. The question is: 1) Does the CU have to honor this return and 2) if so, is it acceptable to honor the return via fax? We are thinking that it would need to go through the Federal Reserve?
CD loans and LMI tracts for CRA consideration
10/16/2022
Must a Community Development loan be in a low- or moderate-income tract?
Annual CRA credit for one loan
10/16/2022
Can my bank get CRA credit multiple times for the same loan?
Remember the SCRA when reporting loan history
10/16/2022
Can we report a past due loan to the credit bureau when SCRA protections apply?
Redlining and CRA
10/09/2022
What is redlining in terms of CRA?