Be familiar with compliance issues in multiple arenas

Brian Knight, executive vice president/general counsel for the National Association of State Credit Union Supervisors (NASCUS), surveyed the top themes regarding the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) and Office of Foreign Assets Control during the opening session of the 2018 CUNA Bank Secrecy Act Certification Conference, presented with NASCUS on Nov. 6 in Louisville, KY. Among […]

InfoSight Spotlight: FFIEC launches new BSA/AML InfoBase site

The FFIEC has launched its redesigned Bank Secrecy Act/Anti-Money Laundering (BSA/AML) InfoBase website, which is provided for sharing bank examination procedure information with examiners, financial institutions, the public, and other stakeholders. The InfoBase was redesigned to improve the overall experience for users. It includes improved site navigation, enhanced search capabilities, mobile-friendly capability, and new functionality that […]

NCUA announces Nov. 14 HMDA webinar

NCUA will address recent changes to Home Mortgage Disclosure Act (HMDA) and other federal consumer protection laws and regulations during a free webinar scheduled for Nov. 14. Registration is now open, and the webinar is expected to begin at 2 p.m. (ET) on Nov. 14. This webinar will cover amendments to HMDA and other consumer financial protection laws made […]

BCFP will revise payday rule in January

The Bureau of Consumer Financial Protection announced Friday it expects to issue proposed rules in January reconsidering its short-term, small-dollar rule. The bureau stated it will make final decisions regarding the scope of the proposal closer to the issuance of the proposed rules, but it currently plans to propose revisiting only the ability-to-repay provisions, not the […]

FASB approves delay to CECL implementation

The Financial Services Accounting Board (FASB) approved Wednesday several CUNA-backed changes to its current expected credit losses (CECL) standard. CUNA strongly advocated FASB extend the implementation date for credit unions and the board proposed the change earlier this year. The board agreed to the changes during its regular open meeting. Following a formal board vote, FASB staff will […]