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Compliance Blog: Highlights Adverse Action Notices
NAFCU's new Regulatory Compliance Specialist Alma Calcano introduces herself and discusses the different coverage rules concerning adverse action notices in her first Compliance Blog post published Friday.

Calcano uses a hypothetical situation to guide readers through what to do when required information is not disclosed in adverse action notices or notices are not provided under the Fair Credit Reporting (FCRA) and Equal Credit Opportunity Acts (ECOA).

Calcano then breaks down specific topics such as timing errors under the FCRA and Regulation B, and providing inaccurate or incomplete notices. She also reminds readers that since adverse action notices are an NCUA supervisory priority, it may be a good idea for credit unions to review their longstanding procedures.

For more on need-to-know information on compliance issues affecting credit unions, visit the NAFCU Compliance Blog.

Those interested can sign up to receive new blog posts in their inbox every Monday, Wednesday and Friday by clicking this (link)
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