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One Hour Could Help Mitigate Your CU’s Exposure to Cybersecurity Risk

An upcoming webinar and Your Association’s Cybersecurity Resource Center convene guidance, resources, and best practices all in one spot.

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On the Move: Rivermark Community CU, Columbia CU Add to Executive Teams

Rivermark promoted Nick Hodson, Rob Mills, and Seth Schaefer to C-level positions in finance, technology and experience, respectively. Columbia welcomed Joey Rudisill as SVP and CIO.

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U.S. District Court Blocks DOL’s Overtime Rule Nationwide

The preliminary injunction blocks the implementation of the Department of Labor’s (DOL) new overtime rules which would have gone into effect on December 1.

On the Move: STCU Gains Three in Leadership, Community Development Roles

The credit union added two new managers and a community development officer to its team.

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FinCEN Releases Cyber-Event Advisory and FAQ

The document shares more on how financial institutions have become attractive targets to criminals.

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NCUA Removes CUSO Registry Requirement From Call Reports

The move is part of Chair Metsger’s Continual Quality Improvement effort, and begins with the Sept. 30 reporting cycle.

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NCUA Releases Diversity & Inclusion Checklist

FFIEC has also released a revised information security booklet. Plus, the latest Legal Briefs and your compliance question of the week.

NCUA Warns of Text Phishing Scam

The regulator has received consumer calls about a suspicious text message claiming to come from the agency.

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CFPB Releases Loss Mitigation Principle

Document outlines their principles to provide a framework for discussion about the future of loss mitigation.

CFPB Considers a Proposal to Overhaul Debt Collection Market

Also, a collection of legal news from the federal regulatory arena, and this week’s compliance question, answered.

Compliance Center: FFIEC Issues Interbank Messaging and Wholesale Payment Network Advisory Statement

FFIEC recently released a statement advising financial institutions that actively manage the risks associated with interbank messaging and wholesale payment networks.

Credit Unions Urged to Update Information, Connect With Potential New Members

www.asmarterchoice.org,a website that allows consumers to search for credit unions in their area, is seeking up-to-date information from participants.

Compliance Center: CFPB Issues Bulletin on Reporting Negative Account Histories

The CFPB warns financial institutions about misreporting account information to credit reporting companies; your question answered about FCRA requirements for credit reporting; plus this week’s legal briefs.

Oregon Legislative Update

The Northwest Credit Union Association is tracking several bills important to credit unions during Oregon’s Legislative session.

Washington Legislative Week in Review

As the Washington Legislature begins its second week, get an insider’s look at the policy advancement strategy for credit unions.

NWCUA Rolls Out Cybersecurity Resource Center for Credit Unions

The F.B.I. has gone on record: it’s not a matter of if businesses and people are hacked, but when. Your Association’s Compliance team has created a resource center to help credit unions prepare and respond.

Compliance Center: Cybersecurity Resources

New tools to help your credit union mitigate cybersecurity risk, your question answered on the FFIEC Cybersecurity Assessment Tool, and this week’s legal briefs.

Card Fraud Myth Busters: Five Common Misperceptions Your Members May Hold

Do your members believe these myths about card fraud? CO-OP Financial Services shares some common misunderstandings about fraud, and offers important solutions.