NCUA Board finalizes rule changes affecting CUs

Credit unions should be aware of recent compliance changes involving several finalized rules by the NCUA Board. These include the PAL II, Federal credit union bylaws and Supervisory Committee rules. Payday Alternative Loans II The Board has created the PAL II to complement the PAL product by allowing a member to borrow up to $2,000 […]

InfoSight Spotlight: Forfeiture of vehicles and other property

The latest edition of InfoSight newsletter includes a new topic. Forfeiture of Vehicles and Other Property has been added to the Loans and Leasing channel. Federal statutes authorize the government to seize and have declared forfeited any aircraft, vehicle or vessel used in connection with the violation of certain federal or state laws The most […]

Financial Fraud Summit scheduled in Birmingham

InfraGard Birmingham Members Alliance and the FBI Birmingham Office present the 2019 Alabama Financial Fraud Conference, hosted in partnership with Regions Bank, Kassouf & Co., P.C., ASIS Birmingham Chapter and DarkTower. Representatives from financial institutions should not miss this unique educational opportunity to hear from both public and private sector experts on recent trends in […]

National Cybersecurity Awareness Month reminds consumers, CUs to be vigilant

October is National Cybersecurity Awareness Month, and credit unions are reminded to ensure every effort is being made to thwart would-be hackers. Financial losses due to cybercrime reached $2.7 billion in 2018. The most prevalent crime types reported by victims were non-payment/non-delivery, extortion and personal data breach. Cybersecurity remains a supervisory priority for the NCUA, […]

InfoSight Spotlight: FTC staff comments on CFPB proposed FDCPA rules

The Federal Trade Commission staff has submitted comments to the CFBP regarding proposed rules that implement the Fair Debt Collection Practices Act (FDCPA). Their comments included: • changes that would improve the types of information debt collectors are required to provide to people from whom they are attempting to collect and how, when, and where […]