NCUA Regulatory Alert Addresses Compensating Loan Originators

According to the NCUA’s third regulatory alert of the year, credit unions making closed-end residential mortgage loans will now have new flexibility in compensating their originators.

FinCEN Addresses Tax Refund Fraud Prevention and Detection

Credit unions are well positioned to discover instances of tax refund fraud, and FinCEN issued an advisory last week with several signs of potential fraud to be wary of in the coming weeks.

NCUA Addresses Garnishment of Accounts with Federal Benefits

The NCUA has offered guidance to help credit unions comply with a joint interim final rule that addresses garnishment of accounts that include federal benefits payments.

Sony Data Breach Wider than Originally Thought

Following news of another network breach, more than 100 million user accounts are now thought to have been compromised. Sony is also considering covering the cost of reissuing compromised cards.