Consumer Financial Protection Compliance

Consumer financial protection refers to various laws and regulations that provide requirements and prohibitions for financial-related activity conducted primarily for personal, family or household purposes. NCUA enforces these laws and regulations in FCUs with assets of $10 billion and less. The agency also has enforcement authority for some of these laws in federally insured, state-chartered credit unions.

For more information about enforcement authorities, see the NSPM.

Exam staff evaluate credit union consumer financial protection compliance to:

• Determine whether a credit union is effectively controlling compliance risk

• Fulfill NCUA’s oversight enforcement responsibility and reassure members that their credit union meets the required statutory and regulatory requirements

• Protect consumer members

• Provide adequate reporting to Congress

This section of the Examiner’s Guide includes:

• Primary Risks

• Laws and Regulations Enforced by NCUA

• Risk Management

• Exam Procedures

• Enforcement Authorities for Credit Unions

• Workpapers & Resources

Last updated on June 05, 2023