Compliance Watch

How do I ensure these names are entered properly on a Currency Transaction Report (CTR)?

Is encrypted email fraud common?

In June 2023, comments were invited on a proposed rule related to quality control standards for the use of automated valuation models and almost a year later, the final rule has been issued. The final rule is largely unchanged from the proposed rule.

How do I calculate share insurance coverage on Payable on Death (POD) accounts?

I thought Regulation E/Electronic Fund Transfers did not apply to wire transfers, but I heard the CFPB recently published something that stated otherwise?

Last week, FinCEN reminded financial institutions to remain vigilant in identifying and reporting suspicious activity related to elder financial exploitation on World Elder Abuse Awareness Day.

Succession planning was a 2023 Supervisory Priority and continues to be a hot topic. Not having a plan in place is a major cause of credit union mergers, according to NCUA.

Are statistics available that support just how valuable BSA reporting is to law enforcement that we could share with our employees?

We conduct a survey among our users every year, and fraud is still the top issue faced by CUs. To help, we've partnered with our leagues and associations to host a two-day Fraud Symposium.

Can the authority to charge-off loans be delegated, or is it limited to the board?