Anthem

What to Know From Recent CUNA, NASCUS Cybersecurity Symposium

Also, the latest legal briefs and your compliance question, answered.

Compliance Center: Supreme Court Rules Junior Mortgages Cannot Be Voided in Bankruptcy

Learn more about the Supreme Court’s decision; your question answered about cashing an “on-us” check; plus this week’s legal briefs.

Compliance Center: CUNA Mutual Group Risk Alert on Overdraft Fee Lawsuits

CMG warns bond policyholders on overdraft fee lawsuits, your questions answered on members

stopping payment on cashier’s checks, plus this week’s legal briefs.

Compliance Center: Federal Regulators Issue Guidance on Youth Savings Programs

NCUA and others encourage youth financial empowerment; your question answered on multi-party checks with one signature; plus this week’s legal briefs.

Compliance Center: CFPB Proposes Amendment to Small Creditor, Rural or Underserved Areas Definitions

Learn more about the proposed CFPB amendment, learn how to verify a U.S. Treasury check, plus legal briefs.

Compliance Center: NCUA Priorities, 1099s, and More

Regulator to focus on cyber security, interest rate risk, among other priorities; question on mailing 1099 forms answered; plus legal briefs.

Compliance Center: FinCEN Advisory on Promoting a Culture of BSA/AML Compliance

FinCEN recently issued an advisory to financial institutions, laying out guidelines that can help foster a strong culture of BSA/AML compliance. Also in the Compliance Center: legal briefs and the question of the week.

News & Notes: Here’s What’s Happening Around the Northwest

Oregon Community Credit Union matches staff CULAC contributions with over $5K for Credit Unions for Kids and Industrial Credit Union plans the Epic Kite Flight for August 27.

CFPB Interpretive Rule on Successors-in-Interest

The CFPB issued clarification on the Regulation Z ability-to-repay requirements and successor-in-interest situations. Also today: Legal Briefs, and the Question of the Week.

Credit Union Movement Writes Huge Savings “Check” to Northwest Members

Credit union membership saved the Northwest’s 4.5 million members $280 million in the past year. The tangible savings story is a good one for credit unions to share with the public.

FFIEC Issues a Warning about Increased Cyber Attacks On ATMs

A statement from the Federal Financial Institutions Examinations Council lists the steps credit unions should take to address the threat posed by cyber attacks on ATM and card authorization systems. Also in today’s Anthem: Legal Briefs, and the Question of the Week: “Can a credit union stop payment on a cashier’s check, teller’s check or certified check?”

CUNA Mutual Releases Risk Alert Regarding Remote Deposit Capture

CUNA Mutual recently sent a Risk Alert to its bond holders that discussed the potential increased risk that credit unions offering Remote Deposit Capture may face with the Regulation CC Proposed Amendment.

Hacked Grocery Chain Urging Customers to Pay By Cash or Check

Shoppers at Yoke’s Fresh Markets and Rosauers grocery stores in Oregon, Washington, Idaho and Montana are being urged this week to pay by cash or check while investigators try to secure a computer network that was hacked over the past two months.

Little Wagons and Big Checks Roll Into Children’s Miracle Network Hospitals

Nine Radio Flyer wagons full of toys for sick children and checks for the people who are trying to make them well are now on their way to Children’s Miracle Network Hospitals throughout the Northwest, thanks to Credit Unions for Kids and the Northwest Credit Union Association’s Boardwalk of Miracles auction.

CO-OP Financial Services Unveils New Mobile Banking System

CO-OP Financial Services’ new CO-OP Mobile allows members to check balances and history, make transfers, make deposits and find nearly 30,000 surcharge-free CO-OP ATMs and 5,000 shared branching locations — all through their mobile devices.

Compliance Question of the Week

The Compliance Question of the Week finds answers to a compelling question. Can we refuse to cash a check drawn off our credit union?

What Are Red Flags for Money Laundering in Currency Exchanges and Other Currency Transactions?

Certain transactions may be red flags for money laundering. Our Compliance Question of the Week shares some examples.

Compliance Question of the Week

Is a change in terms notice required to start charging non-members for check cashing?