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FFIEC Releases Updates to the BSA/AML Exam Manual

The updates offer further transparency into the examination process and support risk-focused examination work.

NCUA Issues Final Rule on Joint-Ownership Share Accounts

The rule amends the NCUA’s regulation governing the requirements for a share account to be separately insured as a joint account.

Providing Financial Products and Services to Consumers with Limited English Proficiency

The CFPB’s recent statement provides guidelines to assist financial institutions in complying with regulatory requirements regarding LEP consumers.

DCU Releases 2021 Exam Focus and Strategic Initiatives

This year’s exam focus includes allowance for loan and lease losses, changes in asset quality, potential interest rate risk changes, liquidity, and more.

NCUA Board Approves Final Rule to Codify Interagency Statement

The rule confirms agencies will follow and respect the limits of administrative law in carrying out their supervisory responsibilities.

NCUA and CFPB Issue Proposed and Final Rules

Changes include updates to HMPL escrow exemption thresholds, field of membership definitions, and more.

NCUA Releases its 2021 Supervisory Priorities

This year’s priorities include allowances for loan and lease losses, BSA and CARES Act compliance, consumer financial protection, and more.

Second Wave of Economic Impact Payments Include Prepaid Debit Cards

VISA notes that some cards will bear the names of two cardholders on the front if the payment is being made to joint tax-filers.

FinCEN Releases Notice on COVID-19 Vaccine-Related Scams

Vaccine fraud may include the sale of unapproved and illegally marketed vaccines, the sale of counterfeit versions of approved vaccines, and illegal diversion of legitimate vaccines.

Cars speed by on a freeway.

ID and OR Transportation Department and DMV Updates for 2021

Credit unions should be aware of new changes to odometer exemptions, license and vehicle tag grace periods, and more.

Cars speed by on a freeway.

Reminder on Idaho Transportation Department’s New Vehicle System

Lenders can find the updated TOD and title application form templates online.

Freddie Mac Issues Guidance for Managing Escrow During COVID-19 Related Hardship

Credit unions are wondering how to deal with escrow accounts that are in either CARES Act forbearance or forbearance under the provisions of Oregon’s H. 4204.

Binder with Compliance label sitting on desk

NCU-ISAO Announces Credit Union Cyber Operations Industry Survey

The survey aims to collect valuable insights from industry respondents regarding cybersecurity structure, reporting, fraud, and more.

FEMA Releases Information on Flood Risks After a Wildfire

The agency strongly encourages Oregonians who live in and around areas impacted by the recent wildfires to purchase flood insurance now.

Free Cybersecurity Resources Available from the Cybersecurity & Infrastructure Security Agency

Resources from CISA are available to credit unions of all sizes to assess and improve their cybersecurity posture.

NCUA Board Approves Proposed Rule to Codify 2018 Interagency Statement

The rule is intended to confirm that agencies will continue to follow and respect the limits of administrative law in carrying out their supervisory responsibilities.

FinCEN Issues Supplemental Advisory on Identifying and Reporting Human Trafficking

When filing a Suspicious Activity Report for suspected human trafficking, credit unions should provide all pertinent available information in the SAR narrative.

Washington DCU Bulletin Provides Guidance on Additional Investment Authorities

The investment authorities were granted to Washington State-chartered credit unions under House Bill 1247 during the 2019 legislative session.