FinCEN Issues Updated Advisory on Email Compromise Fraud Schemes

The guidance distinguishes between Business Email Compromise and Email Account Compromise.

IRS Reminder: Millions of Individual Taxpayer Identification Numbers (ITINs) to Expire in 2019

Ensure these members are submitting their renewal applications.

Credit Unions Running ATMs on Windows 7 Must Switch to Version 10

Microsoft’s Windows 7 support will cease on Jan. 14, 2020. 

CFPB Extends Comment Period on Home Mortgage Disclosure Act

Extension provides time to review CFPB’s annual overview of residential mortgage lending.

NCUA Proposes Delay in Risk-based Capital Rule

The delay would allow NCUA to evaluate capital standards for federally insured credit unions; provide additional time to prepare for rule’s implementation.

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.

Regulators Release Updated Rulemaking Agendas

Unified Agenda includes rule-making actions in pre-rule, proposed rule, and final rule stages.

NCUA Issues Regulatory Alert on Flood Insurance Alternatives

The Regulatory Alert explains alternatives to the National Flood Insurance Program (NFIP).

CUNA Issues Nine Questions to Assess Credit Unions’ CECL Readiness

Questions cover accounting standards, implementation plans, data for ALLL methodologies, and more.

FinCEN Releases Guidance for Convertible Virtual Currencies

Guidance helps credit unions identify and report suspicious activity related to virtual currency misuse.

The Office of Foreign Assets Control Releases Framework for Compliance Commitments

The Sanctions Compliance Program consists of five essential components.

NCUA Releases Updates to Federal Credit Union Lending Rules

Updates reduce regulatory burden, improve clarity, and make compliance easier.

NCUA Board Seeks Credit Union Comments on Loan Compensation

Existing regulation governing compensation for member loans and lines of credit are outdated.

Two Upcoming Seminars Offer Credit Unions Insights into the Latest HR and Compliance Legal Issues

Strategic Link partner, Farleigh Wada Witt, discusses overdraft fee litigation and shares recommendations to guide credit unions.