Compliance Center: FFIEC Issues IT Examination Appendix for Mobile Financial Services

FFIEC issues a revised Retail Systems Payment booklet; question on ‘positive owner contact’ with dormant accounts and legal briefs.

Compliance Question of the Week

Are we required to implement policies and procedures specifically relating to safe deposit boxes and Bank Secrecy Act (BSA) monitoring? We have heard rumors that the NCUA is asking credit unions to produce and monitor reports that monitor safe deposit box activity.