Also, a collection of legal news from the federal regulatory arena, and this week’s compliance question, answered.
The NCUA lays out the top 10 cyber security areas its examiners may focus on, plus legal briefs and the question of the week.
The NCUA has issued a new regulatory alert to remind credit unions of the compliance requirement for the CFPB’s Ability to Repay/Qualified Mortgage Rule. Also in today’s Anthem: Legal Briefs, and the Question of the Week: “What happens if the person who is renting a safe-deposit box passes away? Who has access?”
What happens if the person who is renting a safe deposit box dies?
Rumors that Department of Homeland Security agents are allowed access to safe deposit boxes without first presenting a warrant or a subpoena authorizing entrance have resurfaced online, but according to the NWCUA’s David Curtis, DHS “has issued no such memo, and we don’t expect that we will see anything even remotely similar to this in the future.”
What happens if the person who is renting a safe deposit box dies? Who has access?
We have a deceased member who had a safe deposit box. The executor has proper letters of testamentary, but we now have a beneficiary claiming that the property in the box belongs to them. What should we do?