Mitigating Risk and Maintaining Compliance in Evolving Privacy Landscape

Hear from industry legal expert Leila Javanshir of Miller Nash at the 2021 Legal Symposium, Dec. 2.

NCUA Extends Federal Credit Unions’ Meeting Flexibility

Credit unions continue to need flexibility to ensure the safety of staff and members during the COVID-19 pandemic.

Compliance

FinCEN Releases Updated Ransomware Advisory

The updated advisory identifies new trends and typologies of ransomware and associated payments.

U.S. DOL Issues Emergency Temporary Standard for Large Employers to Implement COVID-19 Vaccination or Testing Policy

NWCUA’s Compliance team breaks down the new standard and provides insight on state-specific responses.

NCUA Adopts CAMEL “S” Rating System

Implementation of the revised CAMELS rating system will take place on the final rule’s effective date, which is April 1, 2022.

CFPB’s Annual Regulation Z Threshold Adjustments

The final rule revises the dollar amounts for the CARD Act, HOEPA, and Ability to Repay Qualified Mortgage provisions.

NCUA Risk Alert on Business Email Compromise through Exploitation of Cloud-Based Email Services

In addition, the RISK Alert provides tips for preventing wire transfer fraud and information on reporting and recovering funds from BEC fraud.

Compliance Yellow Folder Pic

NCUA Hosting Automated Cybersecurity Evaluation Toolbox Webinar on Oct. 28

The 60-minute webinar will feature a video presentation about the Toolbox followed by a question-and-answer session.

Compliance

Reassigned Numbers Database Goes Operational on Nov. 1

The RND prevents a consumer from getting unwanted calls intended for someone who previously held their phone number.

Guidance for End of Pandemic-Era Federal Homeowner Protection Programs

The NCUA strongly encourages credit unions to work with borrowers who are exiting the CARES Act forbearance period.

Compliance

FinCEN Calls Attention to Online Child Sexual Exploitation Crimes

The bureau provided financial institutions with specific suspicious activity report (SAR) filing instructions and highlighted related financial trends.

Binder with Compliance label sitting on desk

Idaho DMV Updated Imported Vehicle Titling Policy

Learn more about the AAMVA recommendations that will go into effect on Oct. 1.

CFPB Proposes Business Loan Data Collection Rule

Under the proposal, lenders would be required to report extended demographic information and other details about small business credit applicants.

Compliance

Fannie Mae and Freddie Mac Update Uniform Legal Instruments

Use of the new instruments will be required for loans with note dates on or after Jan. 1, 2023.

Compliance

NCUA Announces New Streamlined CDFI Applications Open Sept. 12

Low-income-designated credit unions must register in the NCUA’s CyberGrants system and complete an online participation form.

Compliance

FFIEC Issues Guidance on Authentication & Access to Financial Institutions Services and Systems

The Aug. 11 document replaces previous guidance from 2005 and 2011.

Regulations & Rules Stamps

NCUA Proposes Complex Credit Union Leverage Ratio

Under the rule, a complex credit union that maintains a minimum net worth ratio and meets other criteria is eligible for the CCULR.

Compliance Yellow Folder Pic

CFPB Issues Interpretive Rule on Juneteenth 2021

The rule explains timing requirements in light of recent legislation designating Juneteenth as a federal legal public holiday.