Oregon Secretary of State Launches Webpage on Remote Online Notarization

The site includes information regarding the process, qualifying vendors, training, and the RON notice form.

FinCEN Issues Alert on Twitter Convertible Virtual Currency Scam

Fraudsters are compromising Twitter accounts of public figures, organizations, and financial institutions to solicit payments to CVC accounts.

NCUA Updates its 2020 Supervisory Priorities

The updated priorities include BSA and CARES Act compliance, consumer financial protection, credit risk management, cybersecurity, and more.

FinCEN Issues Advisory on Imposter Scams and Money Mule Schemes Related to COVID-19

Credit unions should provide all pertinent and available information regarding scams in SARs.

FinCEN Issues Guidance on BSA Due Diligence Requirements for Hemp-Related Businesses

The guidance identifies types of information financial institutions can collect from those businesses to comply with regulatory requirements.

NCUA, State and Federal Banking Regulators Issue Interagency Examiner Guidance

The guidance promotes flexibility when examining financial institutions affected by COVID-19.

Consumer Financial Protection Bureau Issues FAQ on Credit Reporting Under the CARES Act

The FAQ comes in addition to a previously issued statement informing lenders of credit reporting requirements.

NCUA Partners with EXIM to Help Credit Unions Support Small Businesses

A series of joint initiatives will help credit unions better understand EXIM loans and resources.

Washington State DCU Issues Examination Focus Update

The update provides more details on the four focus areas examiners will review amid the pandemic.

NCUA Provides Insight on Off-Site Examination and Supervision Approach

Credit unions should review Letter to Credit Unions 20-CU-17 as it applies to off-site exams during COVID-19.

States Report Spike in Fraudulent Unemployment Claims

Several credit unions in Washington have been affected by the widespread scam.

CUNA Compliance Blog Post Dives Deep into Loan Modifications

Nancy Degrandi, CUCE, BSACS, breaks down eligible TDRs amid the pandemic.

IRS Issues Guidance on the Employee Retention Credit

More information is available to credit unions on the IRS website.

IRS Provides Update on EIP Program

The update includes information on payments sent to incarcerated individuals, non-resident aliens, or those who died before the payment was received.