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.

Depositaries Requested to Adhere to Levy Compliance Rules

The IRS is asking depositaries (banks, credit unions, savings and loans, and similar institutions) to review and understand the responsibilities associated with processing levies.