Compliance Blog

Written by Steve Van Beek

NAFCU’s Fred Becker to Retire July 31^st.  NAFCU’s President and CEO Fred Becker recently announced his decision to retire after 13 very successful years leading NAFCU.  Becker will be replaced by Dan Berger who has led NAFCU’s Government Affairs department – including NAFCU’s Compliance team – since 2006.  The motto at NAFCU is “business as usual.”  Looking at the transition through the compliance lens, we’re excited because, like Fred before him, Dan has detailed experience with the compliance issues facing credit unions (as does NAFCU’s Chief Operating Officer Anthony Demangone).  To see more about Fred Becker’s retirement and his future plans, check out this interview with CU Broadcast.  

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ADA Lawsuits.  There has been an uptick in new ATM lawsuits – this time alleging noncompliance with the Americans with Disabilities Act.  The new speech output requirements became effective in March 2012 and the lawsuits started soon after.  Now is a very good time to audit and document your compliance with the new ADA requirements.  Past blog posts on the ADA can be found here.   

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NCUA-CFPB Town Hall.  On Tuesday, February 5^th, NCUA Chairman Debbie Matz and CFPB Director Richard Cordray will be on a free Town Hall webinar.  The webinar starts at 3:00 p.m. on February 5^th and registration is open.  You can also submit questions in advance by using this link.