Compliance News
NCUA Releases Letter to CUs Regarding Same-Day ACH Payments
The letter reviews the steps credit unions should be taking in order to be ready for the Same-Day ACH payments that will become effective this Friday, September 23rd.
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CUNA Mutual Releases Risk Alert Regarding Remote Deposit Capture
CUNA Mutual recently sent a Risk Alert to its bond holders that discussed the potential increased risk that credit unions offering Remote Deposit Capture may face with the Regulation CC Proposed Amendment.
Mobile Remote Capture Deposit Best Practices
Strategic risk management is the key to safely and successfully offering mobile remote deposit capture, the latest “must-have” offering for financial institutions that enables consumers to use a smartphone’s built-in camera to deposit physical checks.
Compliance Question of the Week
We are starting to offer Remote Deposit Capture to our members. Is there some sort of Reg CC deposit availability disclosure we need to provide?
Connect to the Future of Credit Unions with Mobile Banking
Strategic Link business partner CSCU explains how offering mobile banking can allow credit unions to reach more members more effectively while positioning themselves as leaders in a growing industry.
As Consumers Change, CUs Lending Must Adapt
Dan Murray of CUNA Mutual Group writes that credit unions’ lending culture must adapt to the creation of Gen Y households and baby boomer retirements.