The document shares more on how financial institutions have become attractive targets to criminals.
FFIEC has also released a revised information security booklet. Plus, the latest Legal Briefs and your compliance question of the week.
This year’s International Credit Union Day theme will illustrate the nine principles that separate credit unions from other financial institutions.
New statement covers initial information on new FASB accounting standard ASU 2016-13, for estimating allowance for credit losses.
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.
The agency has partnered with the CDFI Fund in an effort to double the number of certified credit unions by year-end.
The Payments Review’s Paul Castner gives a wrap-up of the 2016 CSCU Solutions Conference.
The filing deadline to claim the Small Business Health Care Tax Credit for the 2015 tax year is coming up on May 15, which could lead to big savings for eligible small credit unions. Plus your question on the CFPB’s credit card agreement submission expiration, and this week’s legal briefs.
How is “financial exploitation” defined in Washington State?
The majority of Congress—including a large delegation of Northwest members— agrees that the CFPB’s approach may unintentionally burden credit unions and community banks. More than 240 Members of Congress have written Director Richard Cordray to tell him so.
The Oregon Legislature ended its 2016 session on Thursday, March 3. In the final days, legislation passed removing criminal liability from financial institutions servicing legal marijuana businesses.
The Northwest Credit Union Association and member credit unions are at the table in Salem, supporting policy advancements in marijuana banking and data match legislation.
The Northwest Credit Union Association is tracking several bills important to credit unions during Oregon’s Legislative session.
More than 150 advocates will be in Olympia Thursday to discuss the Credit Union Movement’s policy advancement agenda with lawmakers. Against that backdrop the NWCUA is tracking foreclosure, public funds, marijuana banking, and mortgage-related legislation.
With the Oregon Legislature scheduled to begin its session on February 1, the Northwest Credit Union Association is on alert, monitoring bills related to affordable housing, elder and vulnerable person abuse, the Oregon Growth Board, and student loans.
A recent appointment to a Federal Reserve advisory council gives this busy CEO yet another chance to represent and support Northwest credit unions and their members.
The Washington State legislature began its 2016 session in Olympia Monday, with lawmakers facing a large agenda and a tight, 60-day deadline. The Northwest Credit Union Movement is at the table.
If approved in federal court, the settlement would earmark $20 million for the credit unions and other financial institutions that joined the class action suit.