NCUA finalized a new rule on advertising

NCUA has published a new rule that provides more flexibility for credit union advertising and puts credit union advertising in balance with bank requirements. The primary changes to the rule are as follows: The new rule allows a fourth statement to be used as NCUA’s official advertising statement which reads, “Insured by NCUA.” The rule […]

May compliance meeting planned in Pensacola

A Regulatory Roundtable is planned for May 3 in Pensacola, FL, to discuss compliance issues pertinent to your credit union. Mike Lee, LSCU Director of Regulatory Advocacy, will direct the meeting, which begins at 9 a.m. at Members First Credit Union of Florida, 64 S. Reus Street, Pensacola, FL 32502. Topics on the agenda for […]

CUNA offers webinar series on Regulation Z

Regulation Z, which implements the Truth in Lending Act, is one of the more complex regulations impacting a wide-range of lending products, services and procedures within credit unions. CUNA compliance staff often hear from experienced compliance professionals wanting a more in-depth analysis of the various sections of the regulation. In response to these frequent requests […]

FFIEC issues statement on cyber insurance

This week, the Federal Financial Institutions Examination Council (FFIEC) members issued a joint statement to describe matters that financial institutions should consider if they are determining whether to use cyber insurance as a component of their risk management programs. The FFIEC members do not require financial institutions to maintain cyber insurance. The evolving cyber insurance […]

U.S. Dept. of Treasury invites CUs to join roundtable

The U.S. Department of the Treasury’s Office of Critical Infrastructure Protection and Compliance Policy extends an invite to credit unions to join a discussion on the information risks posed to small financial institutions. Hosted on May 7, the roundtable will explore the operational and cybersecurity risks of in-house and outsourced technology platforms. Key areas of […]

JMFA advises fresh look at overdraft strategy

According to Jim Griffis, regional director for John M. Floyd & Associates, Overdraft Program Strategy is critical to any credit union and “complacency is comfortable, but the results can be costly.” He explains from his point of view in the article below: There are myriad reasons why organizations fall behind when it comes to updating their […]