FFIEC has also released a revised information security booklet. Plus, the latest Legal Briefs and your compliance question of the week.
Five Northwest credit union professionals have accepted appointments to the Northwest Credit Union Association’s Board of Directors Nominating Committee. Their task will be to help facilitate the Association’s at-large governance model.
The policy statement does not create any new compliance obligations, and the Administration will collect voluntary self-assessments from credit unions in order to understand diversity trends in the industry.
Compliance Center: Federal Agencies Issue Final Policy Statement for Assessing Diversity Policies and Practices
Get the details on the interagency diversity policy; your question answered about denying a Reg E claim; plus this week’s legal briefs.
The NWCUA’s weekly rundown on the regulatory landscape.
The NCUA has clarified that new questions addressing minority credit unions and workplace diversity, which were added to fourth-quarter call report documents with no explanation from the agency, are required by the Dodd-Frank Wall Street Reform Act.