News & Insight

CFPB outlines debt collection proposals; NAFCU analyzing

Friday, July 29, 2016

CFPB on Thursday released an outline of proposals under consideration that would place restrictions on how debt collectors communicate with debtors and would simplify the process for those debtors who want to dispute their debt.

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Comments on NCUA exams, supervision due Aug. 1

Friday, July 29, 2016

Credit unions still have time – until Monday – to weigh in with NCUA on the agency's efforts to update supervision and exam procedures.

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BSA Blast Article: Repeated BSA Violations Results in $2.8 Billion Fine

Friday, July 29, 2016

FinCEN announced a settlement with and civil money penalty assessment against a "card club" gaming entity for violations of the Bank Secrecy Act (BSA) resulting in a $2.8 billion fine. (Member-only article; login required.)

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Musings from the CU Suite Blog Post: Clarity through numbers

Friday, July 29, 2016

Studies have shown that many corporate directors do not have a clear understanding of the dynamics of their own industry. This isn't credit union specific, but rather is a phenomenon across all corporate boards.

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Issues & Regulations

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New NAFCU FFIEC Cybersecurity Assessment Tool Workbook

Cybersecurity Compliance

An editable, self-tallying file that allows credit unions to self-test cyber risk and readiness in a shareable format with a visual result (member-only).

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Military Lending Act Compliance Resources

Compliance Deadline: October 3, 2016

Find credit union resources for MLA compliance implementation, including compliance guide, final rule summary, insightful blog posts, articles and webcasts, to help you get up-to-speed before the deadline later this year.

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