Let Fed know interest in joining payments working group
The Fed is launching two groups among industry stakeholders in March to help improve payments security. Credit union personnel interested in participating in the Federal Reserve's Fraud Definitions Work Group should submit an expression of interest form to the agency by Thursday.
NAFCU continues to engaged with the Fed regarding its work to make the payments system faster and more secure and has met with Fed staff to discuss the strategy for achieving more secure payments. The association in December shared how credit unions could benefit from faster payments services.
The Fraud Definitions Work Group will be comprised of 20 to 30 industry participants selected by the Fed who have in-depth expertise in areas such as fraud prevention, payments risk mitigation, and ACH, wire and check operations, including customer servicing aspects.
In addition, the Fed is also launching a Fed Definitions Community Interest Group. This group will be comprised of industry stakeholders who are interested in following and providing input on the efforts of the Fraud Definitions Work Group, as well as those who are not selected for the work group. This group of stakeholders will receive regular updates on the work group's progress with the opportunity to provide feedback on work group deliverables.
Those interested in joining this group can create a FedPayments Improvement Community profile and select "ACH, Wire and Check Fraud Definitions" as a topic of interest.
Applicants will be notified of their work group or interest group designation by mid-March.
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Add to Calendar 2019-05-15 04:00:00 2019-05-15 04:00:00 Regulatory Compliance Risk Awareness for Board/Supervisory Committee The Board of Directors and the Supervisory Committee play a key leadership role in regulatory compliance. It is difficult or even impossible to set the correct tone at the top without knowing the compliance environment credit unions are operating in. In this webinar, we provide a broad overview of the regulatory compliance risks facing credit unions and the most pressing current compliance issues. We cover what the examiners are focusing on as well as some of the most common compliance program violations found at credit unions. Key Takeaways Know what the examiners are focusing on Understand where resources are needed most for regulatory compliance Learn about the most common compliance program violations Review supervisory agencies agenda and outlook Discuss enforcement actions Walk through Bank Secrecy Act (BSA) hot button issues Purchase Now$295 Members | $395 Nonmembers (Additional $50 for CD) One purchase gives your entire credit union access to the on-demand recording until May 15, 2020.Already purchased? Go to the Online Training Center to view on or after May 15, 2019. Who Should Attend? NAFCU Certified Volunteer Experts (NCVEs) NAFCU Certified Compliance Officers (NCCOs) NAFCU Certified Risk Managers (NCRMs) Board chairs and members Supervisory Committee members Compliance staff Risk staff Open to all credit unions, regardless of membership or charter type! Education Credits NCVEs will receive 1.5 CEUs for participating in this webinar. NCCOs will receive 1.5 CEUs for participating in this webinar. NCRMs will receive 1.5 CEUs for participating in this webinar. CPA credit information is below; recommended 1.5 CPE credits. CPA Certification Credit Information Reviewer: Josie Collins, Education Manager, NAFCU Learning Objectives: Know what the examiners are focusing on; understand where resources are needed most for regulatory compliance; learn about the most common compliance program violations; review supervisory agencies agenda and outlook; discuss enforcement actions; and walk through Bank Secrecy Act (BSA) hot button issues. Program Level: Basic Prerequisites Needed: None Advance Preparation Needed: None Delivery Method: Group Internet-Based Recommended CPE Credits: 1.5 credits Recommended Field of Study: Regulatory Ethics - Technical National Association of Federally-Insured Credit Unions (NAFCU) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. Learn more. About Our Webinars Our webinars are streamed live from NAFCU headquarters near Washington, D.C. Your audio/video feed of the presenters includes presentation slides and downloadable handouts. You can easily submit your questions to the presenters at any time during the live broadcast, with no dialing over the phone! The audio and video stream directly through your computer. Web NAFCU email@example.com America/New_York public
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