Credit unions continue to need flexibility to ensure the safety of staff and members during the COVID-19 pandemic.
Category: Compliance News
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.
Implementation of the revised CAMELS rating system will take place on the final rule’s effective date, which is April 1, 2022.
The final rule revises the dollar amounts for the CARD Act, HOEPA, and Ability to Repay Qualified Mortgage provisions.
In addition, the RISK Alert provides tips for preventing wire transfer fraud and information on reporting and recovering funds from BEC fraud.
The 60-minute webinar will feature a video presentation about the Toolbox followed by a question-and-answer session.
The RND prevents a consumer from getting unwanted calls intended for someone who previously held their phone number.
The NCUA strongly encourages credit unions to work with borrowers who are exiting the CARES Act forbearance period.
The bureau provided financial institutions with specific suspicious activity report (SAR) filing instructions and highlighted related financial trends.
Learn more about the AAMVA recommendations that will go into effect on Oct. 1.
Under the proposal, lenders would be required to report extended demographic information and other details about small business credit applicants.
Use of the new instruments will be required for loans with note dates on or after Jan. 1, 2023.
Low-income-designated credit unions must register in the NCUA’s CyberGrants system and complete an online participation form.
The Aug. 11 document replaces previous guidance from 2005 and 2011.
Under the rule, a complex credit union that maintains a minimum net worth ratio and meets other criteria is eligible for the CCULR.
The rule explains timing requirements in light of recent legislation designating Juneteenth as a federal legal public holiday.
A credit union’s response to an inquiry will depend on specific information related to the economic impact payment received.