NCUA Provides Guidance on Pandemic Planning in Wake of Coronavirus

Credit unions should revisit their business continuity plans to ensure preparedness.

CFPB Policy Statement on ‘Compliance Aids’

Credit unions can use these compliance resources to stay up to date on existing rules and statutes.

Washington DCU Releases Strategic Initiatives and Exam Focus for 2020

Expect more focus around on-site IT security exams and disaster recovery programs.

The SECURE Act Details Significant Changes to Tax-Advantaged Retirement Accounts

Credit unions may be affected by provisions that went into effect Dec. 19.

NCUA Releases 2020 Supervisory Priorities

New priorities help prepare credit unions for upcoming regulatory examinations.

IRS Issues Additional Insight on Taxpayer Consent Requirement from Taxpayer First Act

New language to Section 2202 outlines consent on redisclosure of taxpayer information.

Washington and Oregon Allow “X” Designation on IDs for Gender Identification

Credit unions should consider upgrading systems to include more options when entering members’ gender information.

Credit Unions Encouraged to Evaluate Their Disaster Preparedness Plans

NCUA and NWCUA have resources that can help credit unions plan for storms, earthquakes, fires, and other emergencies.

Regulators Release Updated Rulemaking Agendas

The published unified agenda includes rulemaking actions in pre-rule, proposed-rule, and final-rule stages.

Washington State Division of Credit Unions Issues Final Rule on Credit Union Parity

New rule creates procedures for credit unions requesting powers and authorities in other states.

National Multistate Lincensing Annual Renewal Period Ends Dec. 31

If mortgage loan originators are not renewed by deadline, they will be place in an inactive registration status.

NCUA Fidelity and Bond Coverage: Is There a Policy for That?

Can a credit union consider the marital status of a Washington and Idaho resident when underwriting a loan?

Customer Identification Program and Modern Nomads

Question of the week: How does a credit union verify the identity of a minor when opening a new account?