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December 2017
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DOL Extends Transition Period for Fiduciary Rule
Friday, December 8, 2017 7:00 AM

This week, the U.S. Department of Labor announced an 18-month extension from Jan. 1, 2018, to July 1, 2019, of the special Transition Period for the Fiduciary Rule’s Best Interest Contract Exemption and the Principal Transactions Exemption, and of the applicability of certain amendments to Prohibited Transaction Exemption 84-24. 

The 5 Most Common Mistakes NCUA Finds During BSA Exams
Friday, December 8, 2017 6:55 AM

Last month, at the CUNA/NASCUS BSA School, NCUA's Judy Graham described the five most common BSA mistakes examiners find during examinations.

Pending Regulatory Comment Calls
Friday, December 8, 2017 6:50 AM

The following table shows pending regulatory proposals quickly coming to deadline. Cornerstone and Credit Union National Association will be submitting comments. Credit unions are encouraged to use PowerComment to file comment letters with regulators.

FinCEN Launches 'FinCEN Exchange' to Enhance Public-Private Information Sharing
Friday, December 8, 2017 6:45 AM

The United States Department of the Treasury’s Financial Crimes Enforcement Network launched the FinCEN Exchange program on Monday to enhance information sharing with financial institutions.

Learn from the Past, Prepare for the Future
Friday, December 8, 2017 6:40 AM

As we enter the holiday season, most of us have wrapped up our strategic planning and are looking forward to eggnog, holiday treats, and a little down time before the hustle and bustle of the New Year.

Get Your Team Involved in BSA and OFAC Training
Friday, December 8, 2017 6:35 AM

Compliance with the Bank Secrecy Act (BSA) and Office of Foreign Assets Control (OFAC) remains an important issue with regard to examinations and credit union liability. A substandard BSA/OFAC compliance program may expose your credit union to unwanted regulatory scrutiny and extensive penalties.