20oct16

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Unemployment insurance fraud under scrutiny

Unemployment insurance fraud related to the coronavirus crisis has earned the attention of the Treasury’s financial law enforcement arm, as the agency this week issued an advisory urging financial institutions...

Summary outlines RFI on CARD Act rules

A request for information (RFI) from CFPB about whether rules applying credit card consumer protections should still stand, be revised or rescinded is summarized by NASCUS in a new posting...

Derivatives ‘streamlining’ proposed; cybersecurity discussed

In other action Thursday, the NCUA Board issued a proposed rule the agency said would streamline its regulations on derivatives, and heard a report on cybersecurity. Regarding the derivatives proposal,...

Board OKs final rule on corporate CUs; leaves out sub-debt portions (for now)

A final rule on corporate credit unions that is generally aimed at clarifying a number of provisions in NCUA’s rules was approved unanimously by the agency’s board Thursday. In other...

Order exempts insurance buys from customer ID program

The three federal banking agencies joined with NCUA late last week to issue an exemption from the requirements of the customer identification program (CIP) rules for loans extended by banks...

Webinar tackles rash of embezzlements

A one-hour webinar focusing on how to prevent the spreading rash of embezzlements among financial institutions (including credit unions) is on the NASCUS education agenda for the middle of November...

BRIEFLY: CRA data entry software ready; NCUA marks cyber month

For those credit unions that must comply with their states’ community reinvestment act (CRA) requirements, the FFIEC said this week that the second release of data entry software (DES) for...

ON THE (virtual) ROAD: Working with the Underground Collision

In the video (click on the image to see), NASCUS’ Lucy Ito discusses “the full potential of the credit union mission” with Susan Mitchell “The full potential of the credit...