Compliance Watch

Effective on or after Aug. 25, 2023, FCUs will now have the option to amend their bylaws to provide their board of directors with the authority to expel a member for cause.

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.

Does the new National Credit Union Administration Cyber Incident Notification Requirements rule only apply to federally chartered credit unions?

The CFPB recently issued guidance on overdraft protection programs and associated risks. One of the areas of focus concerns representment fee practices.

The Federal Financial Institutions Examination Council, on behalf of its members, released updates to the following sections of the Bank Secrecy Act/Anti-Money Laundering Examination Manual.

The Consumer Financial Protection Bureau filed a lawsuit in federal court against auto-loan servicer USASF Servicing for a host of illegal practices that harmed individuals with auto loans.

Six federal regulatory agencies requested public comment on a proposed rule designed to ensure the credibility and integrity of models used in real estate valuations.

The NCUA Board approved proposed changes to the interpretive ruling and policy statement on the agency’s Minority Depository Institution Preservation Program.

The NCUA Board approved the issuance of a notice and request for comment about adjustments to the methodology the Office of the Chief Financial Officer uses to determine how it apportions operating fees charged to federal credit unions.

Registration is still open for the August 18 Outreach event. Meet recruiters from the NCUA to learn about nationwide opportunities.