Compliance Watch

InfoSight360 is pleased to announce the addition of a course to its learning management system, Supervisory Committee Foundations.

Where can I find a set of Record Retention tables?

On Aug. 7, 2025, President Trump issued Executive Order #14331 requiring all federal banking regulators to stop using reputation risk or equivalent concepts that could result in politicized or unlawful debanking.

Do you shiver at the thought of lurking regulatory risks? Don’t be afraid—InfoSight360 is here with tools that turn compliance nightmares into sweet dreams.

We have the successor trustee of a deceased member’s trust who claims the member’s share account was intended to be trust property. The trustee presents a trust document stating that the account was to be transferred to the trust, but the member never actually transferred or retitled the account. Is that account a trust property?

Effective Sept. 1, creditors, debt collectors, and third-party debt collectors in Texas are prohibited from collecting on consumer debts that are the result of identity theft (excluding home loans).

On Oct. 9, the Financial Crimes Enforcement Network (FinCEN) along with the joint agencies, including the National Credit Union Administration (NCUA), issued four frequently asked questions (FAQs) related to SAR filing.

October is Cybersecurity Awareness Month. Cyber incidents, like other types of disruptions, can have immediate and long-term impacts and consequences across the credit union.

According to NCUA, what records need to be retained permanently?

It’s hard to believe how quickly the year is flying by. As we approach year-end, now is the perfect time to ask: Have all your policies been reviewed and board-approved this year?