InfoSight Spotlight: Security Programs

According to the InfoSight Compliance e-newsletter, Part 748 of the NCUA Rules and Regulations requires that each federally-insured credit union develop a comprehensive written security program (including administrative, technical, and physical safeguards appropriate to their size, complexity, and the nature and scope of their operations). Does your credit union utilize Social Media?  Do you do […]

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 […]