Credit unions can view a recording of the recent “Ask the Fed” webinar discussing the SCALE method.
Category: Compliance News
The priorities address corruption, cybercrime, foreign and domestic terrorist financing, fraud, and more.
A recent alert from the Washington State DFI urges financial institutions to address the risks and opportunities climate change brings.
Pending CFPB, NCUA, and FinCEN rules may have implications for credit unions.
Credit unions are also encouraged to note any other relevant information they believe the NCUA Board should consider.
Credit unions can take six steps now to drive down their risk of being victimized.
Credit unions may wish to issue scam alerts to help their members recognize fraudulent calls and avoid being victimized.
The recent supervisory letter outlines potential LIBOR exposure areas that examiners should review for material risk.
All system conversions are expected to be complete by Friday, April 30.
Credit unions should be aware that each state may take a different approach when attempting to make a recovery.
Credit unions are encouraged to create an effective resolution process to reduce member complaints submitted to the Consumer Financial Protection Bureau.
The DMV’s new online feature will help reduce the demand for appointment slots, which remain high due to COVID-19.
Going into effect Jan. 1, 2023, the VCDPA is similar to the California Consumer Privacy Act and European Union’s General Data Protection Regulation, but with key differences.
The permanent legislative rules for remote notarization went into effect March 13, setting first time application and renewal requirements as well as standards for licensed notaries.
The rule clarifies that prohibition against sex discrimination in the ECOA and Regulation B encompasses sexual orientation and gender identity.
The updates offer further transparency into the examination process and support risk-focused examination work.
The rule amends the NCUA’s regulation governing the requirements for a share account to be separately insured as a joint account.
The CFPB’s recent statement provides guidelines to assist financial institutions in complying with regulatory requirements regarding LEP consumers.