Links in “Compliance Tips”

Enterprise risk management affects virtually every decision a credit union makes. This means NCUA’s recently-issued ERM guidance and this article’s five take-aways is a must read for all senior management staff. [11/20]

Try to avoid letting these five types of unproductive or counterproductive directors on your CU's board. [11/12]

OCC guidance cautions that appraiser selection based on lowest fee is a "recipe for disaster." Three critical factors are appraiser's knowledge of property type, knowledge of neighborhood, and record of performance. [11/12]

Questioner asks if an employee convicted of a felony can be a MLO. Responder suggests that may not even be the right question to be asking. [11/11]

NCUA has posted a three-part video series on its consumer website www.mycreditunion.gov  that explains the requirements of the new mortgage and remittance rules. The videos present NCUA’s plan for implementation of the new rules. [11/6]

Video series explains key changes in new rules impacting international remittances and mortgage lending. [11/6]

How do you balance the desire to provide your members with a friendly environment based on trust with the need to protect your credit union from fraud. The answer is in knowing how to identify the most common areas of fraud. [11/5]

FactSheet gives 5 Ws of 314(b), which can be a critical element of an FI's BSA/AML program when effectively utilized. Progression in BSA/AML world towards more analysis of complex activities often necessitates participation in 314(b). [11/1]

Report finds that the anti-money laundering efforts of many financial institutions are slipping, even as regulators are turning up the heat. [10/30]

With the annual audit deadline of Dec. 31 rapidly approaching, here's a rundown of five common troublespots that can trip up a financial institution. (Note: Request our free NB Hot Tip on ACH Risk Self-Assessment.) [10/29]