FIs’ Certified as Class Members in Target Breach Suit

The decision allows credit unions and other financial institutions to coordinate use of attorneys, collection of evidence, requests of witnesses, and more.

FFIEC Releases 2014 Version of BSA Examination Manual

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

Compliance Center: NACHA Passes Two Rules to Increase ACH Network Quality

New AHC Network rules, legal briefs and the compliance question of the week.

Compliance Question of the Week

Who do we call if we received counterfeit currency?

Compliance Question of the Week

Can we require a borrower to triple the amount of money that goes into their escrow account?

Compliance Question of the Week

Where can we find the home ownership counseling list?

Compliance Question of the Week

What do we do if a member says he is filing bankruptcy and we just received a garnishment?

Compliance Question of the Week

Our Compliance Question of the Week answers the question, “Can a POA access a trust?”

Compliance Question of the Week

The Compliance Question of the Week finds answers to a compelling question. Can we refuse to cash a check drawn off our credit union?

Compliance Question of the Week

How can a member obtain a copy of their ChexSystems report?

Compliance Question of the Week

Can a credit union send a member a credit card even though it has not been requested by the member?

Compliance Question of the Week

Who should we call when the credit union receives counterfeit money?

Compliance Question of the Week

Do certified checks ever go stale?

Compliance Question of the Week

If a member wants to purchase a cashier’s check for $9,975 with a service fee of $50 and pay in cash, is the credit union required to file a currency transaction report (CTR)?

Compliance Question of the Week

The SAFE Act provides for a de minimus exception of five or fewer residential loans during the last 12 months. Is that a rolling 12 months or a calendar year?

Compliance Question of the Week

If our members write their personal identification number (PIN) on their debit cards, and thieves use the PIN to take money out of the account, do we still have to pay even though the members’ own negligence caused the loss?

Compliance Question of the Week

What is considered positive owner contact that would prevent an account from going dormant?

Compliance Question of the Week

If a credit union offers to deposit $25 in a member’s share account if the member refers an individual to the credit union, and this individual then opens an account, is the $25 considered a bonus?