FCC Clarifies that Voice Service Providers can Block Robocalls by Default

The ruling clarifies that telecom providers may also offer their customers the choice to opt-in to tools that block calls.

The Office of Foreign Assets Control Releases Framework for Compliance Commitments

The Sanctions Compliance Program consists of five essential components.

NCUA Releases FAQ About the Impact of S. 2155 on Credit Unions

Changes include areas of member business lending, appraisals, and the Home Mortgage Disclosure Act.

WA DOR Assessing Fines for not Remitting Funds for Unclaimed Accounts Electronically

The DOR’s amendment affects the unclaimed property reports that are filed with the state by credit unions.

California’s Mini-GDPR and Implications for Northwest Credit Unions

California Consumer Privacy Act of 2018 changes privacy requirements within California, giving residents more control over information that is collected on them.

SBA Guidance on Businesses that are Involved with Cannabis

Businesses that derive revenue from marijuana-related activities or that support the end-use of marijuana may be ineligible for SBA financial assistance.

June 2018 NCUA Board Actions

The National Credit Union Administration (NCUA) Board unanimously approves two new items at its latest meeting.

Cash-out Crews Activate ATM Attacks Across the Nation

The attacks specifically target Diebold 500 and 700 series frontloading ATMs. Here are several steps credit unions can take to mitigate the risk of ATM jackpotting.

Tax Refund Fraud Prevention Reminder

Tax season is fast approaching. Now is a good time to review these tips from FinCEN on identifying tax refund fraud.

Washington State Division of Credit Unions Releases Examination Focus for 2018

To help your credit union better prepare for examinations, here are the highlights from the bulletin.

NCUA Releases Supervisory Priorities for 2018

See details on the administration’s areas of focus for examinations in the coming year.

Federal Regulators Release Updated Rulemaking Agenda

See highlights of the latest updates to the unified agenda from the CFPB, NCUA, and FinCen.

Compliance News: Department of Defense Issues Updated MLA Guidance

See highlights of the update, plus recent legal briefs and answers to your compliance question of the week.

FinCEN Launches “FinCEN Exchange”

The program will brief financial institutions on illicit finance threats, enabling your credit union to better identify risks and focus on high-priority issues.