FFIEC Releases Statement on End of Microsoft Support for Windows XP Operating System

Microsoft will discontinue its support for the Windows XP operating system on April 18, 2014, and the Federal Financial Institutions Examination Council is urging credit unions to identify, assess and manage the potential risks now.

NCUA Updates Exam Guidance on Loan Workouts, Nonaccrual, TDR Reporting

In a letter issued last week, the NCUA shared with credit unions the same TDR guidance it shared with its examiners, describing in detail how examiners will apply the regulatory improvements approved last year by the NCUA board of directors.

Association Hires AVP Heider, Increase Focus on Communications

Just in time for the next stage in the interchange regulatory process, the Association has hired Lynn Heider as the new AVP of Communications to oversee the department and ensure the credit union message gets out to the press and the public.

Avoid ATM Fee Disclosure Lawsuits with Proper Monitoring

An escalating number of class action lawsuits filed against credit unions for failing to comply with Regulation E requirements for disclosing ATM fees has triggered a significant risk concern for credit unions.