NCUA Previews Additional Exam Cycle Changes

The meeting also featured a quarterly update on the National Credit Union Share Insurance Fund.

NCUA Seeking Comment on Exam Modernization Efforts

Exam Flexibility Initiative looking to collect experiences and ideas from credit unions.

Compliance Center: FFIEC Issues IT Examination Appendix for Mobile Financial Services

FFIEC issues a revised Retail Systems Payment booklet; question on ‘positive owner contact’ with dormant accounts and legal briefs.

Metsger: Working Group to Review, End Annual Examination Process in Two Months

The new Chair of the NCUA Board made the announcement during a speech this week, seeking to streamline examination processes.

Compliance Center: FFIEC Releases Cybersecurity Assessment Tool

Learn more about the cybersecurity tool; your question answered about members writing their PINs on their debt card; plus this week’s legal briefs.

Compliance Center: Washington State DCU Releases 2015 Examination Priorities

DCU’s six 2015 exam priorities; question about ChexSystems report requests answered; and legal briefs.

Northwest Credit Unions Launch New Exam Reporting Tool

Simple new exam form lets regulatory advocates see where exam improvements are needed.

FFIEC Releases 2014 Version of BSA Examination Manual

Updated BSA exam manual released; Which policies need board approval; Plus legal briefs.

Deadline Extended for Credit Unions to Complete Regulatory Exam Survey

CUNA and the Northwest Credit Union Association are calling on credit unions to complete the second-annual Comprehensive Survey on Regulatory Exams, saying a strong response rate will give advocates the data they need to push for improvements in the examination process.

CFPB Publishes Examination Procedures for Remittance Transfers

The Consumer Financial Protection Bureau has published its Examination Procedures for Remittance Transfers, which go into effect on Oct. 28. The CFPB only has direct examination oversight for financial institutions with more than $10 Billion in assets, but other regulators may look to these procedures when performing their own examinations.

Division of Credit Unions Releases Compliance Examination Program

A new bulletin from the Washington State Department of Financial Institutions’ Division of Credit Unions explains an enhanced compliance examination program that will affect Washington State-chartered credit unions with assets of more than $500 million.

CFPB Releases ECOA Baseline Review Modules

The CFPB has released new modules that will be used by examiners to identify risks of Equal Credit Opportunity Act violations. The NWCUA compliance team provides a brief important to credit unions.

Summary of the NCUA Webinar on Fair Lending Exams

The NCUA has announced more structure around its Fair Lending Examination Program. Responsibility for the program is now with the Office of Consumer Protection.

NCUA Explains Fair Lending Exam Program’s Latest Developments

The NCUA released Letter to Federal Credit Unions 13-FCU-02 Tuesday, which outlines a number of developments in the NCUA’s Fair Lending Examination Program, including new educational and compliance tools and the institution of off-site supervision contacts in certain instances.

Regulator Meets Regulated at NCUA Listening Session in Denver

NWCUA representatives were on-hand along with credit union representatives from throughout the western states for the final NCUA Listening Session, led by NCUA Chairman Debbie Matz in Denver on Tuesday.

NCUA Gives Notice of Changes to the Examination of Small Credit Unions

Under the NCUA’s new Small Credit Union Examination Program, small credit unions that are financially and operationally sound will have shorter examinations and more concise reports, a move intended to align resources more closely with risks.

NCUA Outlines Simple Process for Escalating Examination Issues

NCUA Region V Director Liz Whitehead addressed participants at the NWCUA’s June Leadership Symposium and stressed the importance of open and frank dialogue between credit unions and examiners.

Legal Briefs

Your weekly update on the regulatory landscape.