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 […]

CUNA provides first quarter update for MLA fee comparison spreadsheet

In September of 2017 CUNA announced that it had worked with a third party to develop an interactive MLA Fee Comparison spreadsheet for determining whether certain credit card fees they charge are considered Reasonable and Bona Fide. At the request of a number of credit unions, CUNA has agreed to update the spreadsheet on a […]