Compliance Watch

Question: We’ve had a lot of members filing frivolous Reg E disputes. Can we charge a fee for a dispute? Answer: Reg E does not restrict a covered institution from charging for a dispute that ends up not being an error, but does mention in the commentary that members should not be charged for good-faith disputes.

When it comes to business continuity planning, the process doesn’t have to be overwhelming. RecoveryPro is built to make everything manageable.

Increasing the Same Day ACH dollar limit to $1 million per payment posed no greater fraud risk than the prior $100,000 threshold, a new survey by Nacha’s Risk Management Advisory Group found.

The Consumer Financial Protection Bureau issued an interpretive rule laying out when digital marketing providers for financial firms must comply with federal consumer financial protection law.

The Consumer Financial Protection Bureau confirmed in a circular published this week that financial companies may violate federal consumer financial protection law when they fail to safeguard consumer data.

Question: An executor/administrator wants to set up an account for the estate of a deceased person. Who must qualify for membership…the deceased person, the executor/administrator, or both? Answer: The deceased person must qualify for membership; the executor/administrator of the estate is irrelevant in determining field of membership.

The Aug. 16 Oklahoma State Credit Union Board meeting has been cancelled.

As credit unions continue to grow and open branches with members in different states, it’s important to have a tool that provides summaries of state laws that impact credit unions.

The National Credit Union Administration is hosting a webinar on Aug. 24 to discuss Bank Secrecy Act trends and challenges and provide credit unions with valuable updates on BSA compliance.

The National Credit Union Administration has granted a federal charter and Share Insurance Fund coverage to WeDevelopment Federal Credit Union in Kansas City, Mo.