Compliance Watch

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).

In light of recent events, credit unions using InfoSight, CU PolicyPro and RecoveryPro can be confident knowing that League InfoSight and its technology partners are actively working together to ensure the highest security standards are being employed to protect your information.

The U.S. Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency (CISA) has recently issued two alerts addressing risks from Russian State-Sponsored cyber threats and highlighting recent malicious cyber incidents suffered by public and private entities in Ukraine.