Employers cannot discriminate on the basis of an employee’s status.
Northwest Credit Unions Provide Feedback; NWCUA Issues Comment Letter on Proposed Changes to Funds Availability Act
Credit unions unanimously express concern over proposed reduction of hold timeframes.
FinCEN shares the red flags, common terms, and activities that may indicate crime-related financial activity.
The proposal outlines minimum procedures that reflect common industry practices for testing accounts and controls over financial institution financial statements.
Experts agree a blanket policy of adding an amount should be avoided, but that credit unions should also ask questions.
Differences in opinions will continue until Department of Justice provides clear website expectations.
New Risk Management Council provides credit union professionals with information, discussion, and best practices to reduce areas of risk.
Amendment includes proof of period of military service for purposes of interest rate reduction under the SCRA.
Six regular meetings in a calendar year, with at least one per quarter, are required.
Examiners will continue using streamlined small credit union exam program procedures for those under $50 million in assets.
When the flood insurance program is unavailable, credit unions may continue to make loans subject to the Flood Act without flood insurance.
Accuity has begun sending requests to the financial institution community and volume is soon to increase.
Federally insured credit unions are required to have plans in place to address all types of operational disruptions.
The project is a follow-up to the review of regulations under the Economic Growth and Regulatory Paperwork Reduction Act.