Compliance Center: NCUA Releases Exam Priorities for 2016

The National Credit Union Administration recently released a letter highlighting their supervisory priorities for 2016; plus your question on IRS forms answered, and this week’s legal briefs.

Form 1099 Changes Just Need President’s Signature

A CUNA-supported bill going to President Obama would repeal an extension of IRS Form 1099 reporting requirements for certain purchases over $600.