Links in “Credit Unions”

The FFIEC recently announced the addition of a cybersecurity risk assessment to regular IT examinations. Join Jesse Boyer to learn how your institution can prepare for these exams which are beginning later this year. [5/22]

The FFIEC recently announced the addition of a cybersecurity risk assessment to regular IT examinations. Join Jesse Boyer to learn how your institution can prepare for these exams which are beginning later this year. [5/22]

To date we have not had any regulations that interpreted and implemented the Fair Debt Collections Act, which sometimes makes compliance with the Act challenging. The CFPB plans to change that and has issued an advanced notice of proposed rulemaking that includes 162 questions that are worth considering. [5/22]

And that was $176,133 less than the budgeted amount for an 11-day training conference held in Jacksonsville, FL, and attended by more than 1,200 participants. According to NCUA Executive Director Mark Treichal, the biennial training conference is an extensive skills development program designed to make the exam process more consistent and efficient. [5/22]

A series of lawsuits against ten banks and one credit union claim that the financial institutions should have known that their online payday lending accountholders were breaking the law. Specifically, the suits filed in federal courts claim that by processing transactions for these companies the financial institutions helping them to exceed usury ceilings and break other laws. [5/22]

Individually, these 10 techniques may sound like no big deal. But together, they make a well-rounded, layered approach to a strong security foundation. [5/22]

The 26 fair lending exams in 2013 exceeded the agency's goal of 18 by 44% and is more than double the number of such exams in 2012. And that's just on-site exams. NCUA reported 41 off-site contacts with credit unions related to fair lending. [5/21]

In a report released yesterday, NCUA Chair Debbie Matz stated that the final rule on risk-based capital may be changed to allow for a phase-in period longer than the proposed 18-month time frame. [5/21]

The FBI is investigating whether an employee at the former Parsons-Pittsburg Credit Union embezzled $10 million to support a gambling habit.  NCUA took over the $13.5M credit union in January at which time the employee admitted to gambling wins and losses totaling $16M in the previous year. Now $10M in nonmember deposits have been discovered missing. [5/21]

AffirmX's Senior Analyst Coppelia Padgett answers the top five most common BSA questions we received after participating in an NCUA BSA webinar. See if your burning BSA question made the list. [5/20]