FFIEC Encourages Standardized Approach to Assessing Cybersecurity Preparedness

A standardized approach improves progress tracking and information sharing.

NCUA Issues Final Rule Changes to Fidelity Bond Coverage

New changes go into effect next month and expand credit union board of director oversight of fidelity bond coverage.

NCUA Issues Guidance on Serving Hemp Businesses

Credit unions serving hemp-related businesses should review Regulatory Alert for guidance.

Federal Charter Work Group Needs Your Input

Submit your ideas by Aug. 30.

FHFA Redesigns and Reschedules URLA Mandatory Use

Delay allows industry participants to make necessary changes to the URLA and AUS data sets.

Examiners Dive Into Information Security Risk Assessments

Security of credit union member information remains a key supervisory priority for the NCUA.

Joint Statement on Risk-Focused BSA/AML Supervision Released

The statement outlines common practices for assessing a credit union’s risk profile.

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.