Attached are two pieces of information that describe the Concentration Risk offerings by CU*Answers. This material will be covered in more detail during tomorrow’s Risk Contraction Webinar between 3-4PM. There is still time to register if you haven’t done so already. Risk Concentration Webinar 2011 CU A Concentration Risk Offerings – CU BASE Platform 2011 […]
CU*BASE tool hints for compliance and auditing
2011 CU A Concentration Risk Offerings – Five Reasons Red
Check out to link below to find out how a partnership with CU*Answers can be benefical when dealing with your Risk Concentration needs! 2011 CU A Concentration Risk Offerings – Five Reasons Red
Consumer Compliance Outlook
Check out the 3rd quarter edition of the Consumer Compliance Outlook for 2011. The document contains a regulatory calendar that may help you stay on top of the changes for the coming year.
Link for Privacy Notice Builder
Follow the link to an NCUA press release regarding the Consumer Privacy Notice form builder. On the bottom of the first page, you will find a link for the Online Form Builder. NCUA Press Release
Farleigh Wada Witt – Regulation Z
Check out the latest Credit Card compliance update from the Farleigh Wada Witt Attorney’s Office. Regulation Z – Nov. 4, 2010
AuditLink assistance with Reg V
Another day, another regulation. The latest, Regulation V, places disclosure requirements upon institutions using risk based pricing models when determining the interest rates on member loans. Effective January 2011, the regulation requires you to notify a member of their credit score when they are approved for a loan. There are varying methods to comply with […]
In case you were wondering how you will comply with Reg GG – Unlawful Internet Gambling Enforcement Act
The FDIC recently publish the examiners procedural document they will be using to evaluate if you are in compliance with Reg GG. This document does an excellent job of explaining the nuances of the regulation as well as what you need to do to make sure you are following the regulatory requirements. http://www.fdic.gov/news/news/financial/2010/fil10035.html
Heartland Victims Feel Ongoing Pain of Debit Card Debacle
The massive security breach at Heartland continues to sting credit unions. MidFlorida Federal Credit Union had to issue 12,000 new debit cards this week after detecting continuing attempts to defraud their members as a result of the Heartland disaster. The total number of reissued debit cards is now 17,000 for this credit union alone. MidFlorida […]
Reg. DD…and a Happy New Year to You, Too!
Special Guest Author: Barb Cooper, VP Professional Services The Truth-in-Savings regulatory changes, found in the update to the NCUA Regulation 707, seemed relatively easy to understand for this first round. NCUA patterned their changes from the Federal Reserve in most respects, but not all. A tip from AuditLink’s Jim Vilker: Credit unions are required to […]
CU*BASE Adds New Red Flag monitoring feature
News Release… Grand Rapids, Michigan –November 4th, 2009 To comply with Red Flag requirements to monitor things like address changes, a new Red Flag monitoring feature has been added to CU*BASE. This tool provides alerts to both the credit union and the member when changes are made to a member’s personal information to provide an […]