Compliance Watch

Question: If a payable-on-death beneficiary on a member's account dies before the member does, who does the money go to? Answer: That's a matter of state law.

Business Continuity Planning is the practice of asking “What if...?” questions, then creating plans and preparing to address them. RecoveryPro guides credit unions through the creation, maintenance, and testing of robust business continuity plans (BCPs).

This week the Financial Crimes Enforcement Network issued a FinCEN Alert to financial institutions, highlighting the potential for attempts to evade expansive sanctions and other measures implemented in connection with the Russian Federation’s ongoing, unprovoked invasion of Ukraine.

Beginning Saturday, March 19, the rules for NMLS passwords will be changed to provide more security.

The CFPB released a new report on medical debt burden in the United States that found medical debt is having a significant impact on consumer credit.

The NCUA Board approved a final rule that added the Sensitivity to Market Risk, or “S,” component to the existing CAMEL rating system and redefined the Liquidity Risk, or “L,” component.

Overdraft protection programs are important to credit unions and their members, and the market landscape is changing.

Question: Is a P2P provider a financial institution under Reg E? Answer: Yes.

There’s never been a better opportunity to learn first-hand about political engagement and advocacy than the 4-5 hours you’ll spend in the Oklahoma Credit Union Association’s new Ambassador Program.

Check out InfoSight's two new products - Check Deposit Notice Generator (CDNG) and Account Insurance Estimator (AIE).