FBI Private Industry Notification – ATM Cash-out Scheme 

As is now being reported on public outlets, on August 9, 2018, the FBI’s Cyber Division issued a Private Industry Notification to financial institutions stating, in part, “…the FBI has obtained unspecified reporting indicating cyber criminals are planning to conduct a global Automated Teller Machine (ATM) cash-out scheme in the coming days, likely associated with an […]

Washington Wire – Aug. 14, 2018

This week in Washington, the House remains in recess until Sept. 4. The Senate will confirm two more circuit court nominees and begin processing H.R. 6157, the Defense-Labor-HHS-Education appropriations bill. In committee on Thursday, the Senate Commerce, Science and Transportation will hold a hearing: “Oversight of the Federal Communications Commission.” Read the full Washington Wire […]

CUNA spearheads advocacy training for YPs

Credit Union National Association (CUNA) will host its second annual Young Professionals Advocacy Training in September. The all-day program will feature outside speakers, a congressional staff panel, and updates from CUNA and League personnel. A variety of topics will be covered including an overview of CUNA’s political program, the role credit union professionals play in advocacy, hill visit […]

Compliance: NCUA provides exam modernization updates

NCUA’s latest letter to credit unions (18-CU-01) provides an update on five Examination Modernization Initiatives designed to improve and modernize how the agency conducts examination and supervision. The NCUA board approved five initiatives to modernize agency examinations: the Flexible Examination Pilot Program (FLEX); Office of National Examinations and Supervision (ONES) Data Driven Supervision; the Shared NCUA-State Regulator […]

NCUA holds free Share Insurance webinar on Aug. 15

The NCU will hold a webinar, “We’re Giving You the Share Insurance CURE – Part Two,” scheduled for Wednesday, Aug. 15, beginning at 2 p.m. ET. This webinar will discuss share insurance coverage in greater depth and will be led by staff from the NCUA’s Office of Credit Union Resources and Expansion. Registrants can submit questions […]