The site includes information regarding the process, qualifying vendors, training, and the RON notice form.
Fraudsters are compromising Twitter accounts of public figures, organizations, and financial institutions to solicit payments to CVC accounts.
The updated priorities include BSA and CARES Act compliance, consumer financial protection, credit risk management, cybersecurity, and more.
Credit unions should provide all pertinent and available information regarding scams in SARs.
The guidance identifies types of information financial institutions can collect from those businesses to comply with regulatory requirements.
The guidance promotes flexibility when examining financial institutions affected by COVID-19.
The FAQ comes in addition to a previously issued statement informing lenders of credit reporting requirements.
A series of joint initiatives will help credit unions better understand EXIM loans and resources.
The update provides more details on the four focus areas examiners will review amid the pandemic.
Credit unions should review Letter to Credit Unions 20-CU-17 as it applies to off-site exams during COVID-19.
Several credit unions in Washington have been affected by the widespread scam.
Nancy Degrandi, CUCE, BSACS, breaks down eligible TDRs amid the pandemic.
More information is available to credit unions on the IRS website.