Compliance Watch

Question: We have a member that does not have a good address or any other place that we can send mandated disclosures. Do we keep sending them to the bad address on file to meet our requirements? Answer: No.

The House of Representatives passed the sunset bill that continues the Credit Union Department for another 12 years. This is the final hurdle for the bill before moving to Gov. Greg Abbott’s desk for signature.

We are pleased to offer a series of live training webinars to introduce you to (or reacquaint you with) CU PolicyPro.

The Fed, CFPB, FDIC, NCUA, and OCC have announced they are extending the comment period on their request for information on financial institutions' use of artificial intelligence (AI) until July 1, 2021.

The Federal Reserve Board has announced the third extension of a rule amending Regulation O to bolster the effectiveness of the Small Business Administration's Paycheck Protection Program.

Online registration for NCUA’s May 26 webinar “Critical Security Controls and Cyber Hygiene” is open now.

In a recent letter to boards of directors and chief executive officers, NCUA Chairman Harper wrote...

Question: Are we required to accept any currency presented, including mutilated or altered currency? Answer: No. You may set a policy that your credit union will only accept currency that meets certain guidelines.

The regular meeting of the Oklahoma State Credit Union Board scheduled for May 11 at 10 a.m. has been cancelled.

National Credit Union Administration encourages credit unions interested in learning more about the Treasury Department’s Emergency Capital Investment Program to join an “Ask the Regulators” webinar hosted by NCUA and other federal financial regulators.