ViClarity Compliance Update

Updates for credit unions including Regulation B, interchange, and CAMELS developments.

CFPB Shakes Up Regulation B
A few weeks ago the Consumer Financial Protection Bureau (CFPB) rolled out some pretty big changes to Regulation B under the Equal Credit Opportunity Act (ECOA). The updates focus on three areas: disparate impact, discouragement, and special purpose credit programs (SPCPs). Here’s a quick breakdown of what’s changing and why it matters. Read more here.
  
Game Changer in the Bottom of the Ninth Inning: NCUA Issues Rule Preempting the IFPA
Summary:
Some wins are minor achievements, some are a grand slam in the bottom of the ninth. The National Credit Union Administration (NCUA) has proposed an interim rule stating that federal regulations preempt Illinois’ Interchange Fee Prohibition Act (IFPA) — a huge win for the credit union industry. Learn more here.
  
Mulligan! FFIEC Revises CAMELS Rating System
The Federal Financial Institutions Examination Council (FFIEC) has recently proposed changes to the CAMELS rating system. The CAMELS rating system is a uniform rating system designed to evaluate the safety and soundness of financial institutions. Read more here. 

The Illusion of Control: Why Third-Party Risk Doesn’t Stop at Your Vendors - A Webinar for Credit Unions
Webinar - TODAY, Thursday,  May 28 | 11:00 AM CST
Join Ogie Sheehy, Global CEO of ViClarity, and Heath Stanley, vCISO and President of Curated Cyber, for a powerful 30-minute live webinar that explores the hidden challenges of vendor management. They'll share strategic considerations for improving your program, along with achievable solutions your credit union can begin implementing immediately. Register here.
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Recent Q&A: May 2026 – Part 2: Back to the Basics

The Dakota Credit Union Association’s dues-supported compliance solution –  ViClarity – is a world leader in credit union compliance. To read the complete articles/answers that are linked, you will need to log in with your username and password. If you have questions about establishing your members-only account with ViClarity, click here for detailed instructions or contact DakCU's George McDonald.