Links in “Compliance Tips”

Here are some eye-opening statistics. 27% of all reported data breaches were caused by credit card skimming and 87% of those incidents occurred at ATMs. This article provides practical strategies to minimize these types of occurrences. [1/8/15]

Sure to be a blockbuster hit! In Part I of the two-part, NCUA-produced films, consumers are educated about detecting and preventing fraud. Part II continues the saga, as consumers learn techniques in identifying and combating fraud, scam, and cyber threats. [1/8/15]

In a recent Letter to Credit Unions (15-CU-01), NCUA announced that its top three areas of supervisory focus for this year will be cyber security, interest rate risk, and Bank Secrecy Act compliance. The letter also notes that there will be increased focus in the lending area to ensure compliance with new mortgage rules, as well as increased scrutiny in the areas of indirect lending and subprime lending. [1/7/15]

With New Year's resolutions abounding, it's time for a refresher on what the CFPB expects by way of compliance management programs. [1/7/15]

Find out if you can answer the seven most practical questions likely to affect your credit union operations in 2015. [1/6/15]

The FTC came out with a short video detailing the importance of backing up vital information for all computer users. [12/30/14]

If you graduated last spring and had student debts, they are now due. The CFPB has outlined nine steps to assist those who owe debts. [12/30/14]

The rules concerning the different types of fields of membership are complex and the decisions regarding FOM conversions can have long-term strategic effects. NCUA has issued a new video, “Strive to Thrive,” in an effort to make federal credit unions more aware of their options for membership expansion and the factors they should consider when evaluating  this issue. [12/30/14]

'Tis the season of countdowns and we've got another one for you, this time commemorating our most viewed episodes of Risk Watch from five of our subject matter experts.

According to Steve Eisenberg, EVP and general counsel for Pentagon Federal Credit Union, compliance officers would be well-advised to remember the lessons from Dickens’ A Christmas Carol. This thoughtful article explains why a compliance officer needs to focus on the lessons of the past, the imperatives of the present, and the challenges of the future as their job become increasingly complex. [12/24/14]