Compliance Watch

NCUA’s Consumer Compliance Webinar on Sept. 27, Webinar on Using Technology to Promote Financial Inclusion

NCUA’s Consumer Compliance Webinar on Sept. 27, Webinar on Using Technology to Promote Financial Inclusion

The Financial Crimes Enforcement Network (FinCEN) issued an alert to highlight a prominent virtual currency investment scam known as “pig butchering.”

According to the latest financial performance data released by the National Credit Union Administration, total assets in federally insured credit unions increased $82 billion, or 3.8%, over the year ending in the second quarter of 2023, to $2.22 trillion.

The National Credit Union Administration, in its role as liquidating agent, announced a $76 million distribution to paid-in capital shareholders of the former U.S. Central Corporate Credit Union.

While technical evolution has always been a big part of our surveys in the past, this year we really want to focus more on identifying your pain points.

CU Risk Intelligence (CURI) is an alliance of credit union leagues, league service corporations, and CUSOs delivering scalable risk management and compliance solutions to suit credit unions of all sizes and levels of sophistication.

Join us for a groundbreaking experience at Cornerstone's first-ever virtual Council Day.

On a CTR, is it acceptable to indicate terms such as “homemaker,” “retired,” or “unemployed” as descriptions for occupations?

The Federal Deposit Insurance Corporation, the Federal Reserve Board, the National Credit Union Administration, the Office of the Comptroller of the Currency, and state financial regulators (collectively, the agencies), recognize the serious impact of Hurricane Idalia on the customers and operations of many financial institutions and will provide appropriate regulatory assistance to affected institutions subject to their supervision.