Compliance hot topics, board evaluations, branch innovation and more.
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The must-have, electronic resource for all credit union compliance professionals.
A study done by a Columbia University School of International and Public Affairs fellow found that actual expenses to retailers hit by data breaches – including Home Depot and Target – were minimal, totaling less than 1 percent of each company's annual revenues.
NAFCU is seeking member comments on NCUA's new fixed-assets proposal, which would eliminate the 5 percent limitation on federal credit union investments in fixed assets and establish a six-year time period for partial occupancy of premises acquired for future expansion.
Attendees during Day 2 of NAFCU's Regulatory Compliance School learned about federal rules on electronic transfers (Regulations E) and funds availability (Reg CC), NCUA's lending rules and requirements under the Fair Credit Reporting Act.
Yesterday, I spoke with nearly 200 risk management people attending NAFCU's Regulatory Compliance School. I use the term "risk management" to include internal auditors, compliance professionals, and those with "risk management" in their title. All of them spot risk at your credit union and help tap it down. I simply love risk management peeps, and I'll tell you why.
I think best practices are often useless. I think benchmarking is really stupid. Actually, I think they're both really stupid and useless ... if they are done improperly.
Download our Regulatory Alert for a summary of the new proposed risk-based capital rule and a link to send NAFCU your comments. Help fight this expensive, unnecessary regulatory burden.
Peggy Bosma-LaMascus, president and CEO of Patriot Federal Credit Union, testified before the House Financial Services Committee on the need for regulatory relief for credit unions. Download this and more recent regulatory relief testimony.