NACHA Releases Bulletin on Same Day ACH Phase II

New recommended action items for same-day ACH debit processing.

Tips for Preparing for Current Expected Credit Loss

Five things compliance teams need to know about the rule before it takes effect.

NCUA Issues Updated Guidance on Compliance Risk Indicators

NCUA has recently provided its examiners with guidance on the updated list of compliance risk indicators that are part of NCUA’s Risk-focused Examination Program.

Skimming Alert: Skimmer Placed on ATM

Heritage Grove Federal Credit Union reported the detection of a skimming device on its ATM in Salem, Oregon.

Small Business Health Care Tax Credit Filing Deadline is May 15

Small credit unions should act now to ensure they don’t miss the Small Business Health Care Credit for the 2016 tax year.

CFPB Levies HMDA Penalty Against Nationstar Mortgage for HMDA Violations

Now is the time for credit unions and business partners to shore up compliance before the new HMDA rule takes effect next year.

Washington DFI Bulletin on Obtaining Audit Reports from Third-Party Providers

The Washington State Department of Financial Institutions (DFI) has released DCU Bulletin B-17-06 regarding obtaining audit reports from third-party providers.

Numerica’s Karen Weis Appointed to FinCEN BSA Advisory Group

Weis will bring the perspective of a financial institution banking marijuana, to the advisory group responsible for its guidance.

Compliance Update: What Credit Unions Need to Know About New Washington Driver’s Licenses

The Washington State Department of Licensing began rolling out a new driver’s license online system.

Compliance Center: Implications of New Mexico Lawsuit Addressing Set-off Rights

What does the outcome of a lawsuit against Zia Credit Union in New Mexico, mean for Northwest Credit Unions? Our legal eagles break it down. Plus, this week’s Compliance Question of the Week and Legal Briefs.

New for Compliance Teams: BSA/AML Self-Assessment Tool and Consumer Compliance Rating System

The Conference of State Bank Supervisors (CSBS) recently announced the release of a new voluntary BSA/AML Self-Assessment Tool.

Fraud Alert for February 21

Connection Credit Union in Silverdale, WA is reporting fraudulent ATM withdrawals at one of its ATMs.

NWCUA at NCU-ISAO: Taking the Next Step for Cybersecurity

Your Association attended the inaugural conference, which socialized the latest cybersecurity topics relevant to credit unions.

CFPB Issues Request for Information Regarding the Use of Alternative Data in Credit Decisions

Also: question on if a court-appointed guardian has access to a person’s safe deposit box, and your Legal Briefs.