Inter-Agency Guidance Issued for HELOCs Nearing the End-of-Draw Periods

Five federal regulatory agencies and the Conference of State Banks Supervisors issued new guidance for HELOCs nearing their end of draw periods. Also in today’s Anthem: Legal Briefs, and the Question of the Week: “Can a credit union sell a reposed vehicle?”

Wire Fraud: Identification and Prevention

Ken Otsuka of CUNA Mutual outlines how credit unions can avoid wire fraud, which costs the system over $4 million a year.