*UPDATE* We have made a couple clarifying changes to the PowerPoint. Thank you to all who attended this afternoon’s webinar on Same Day ACH. As promised, I have attached the PowerPoint slides from the presentation. Jeff and I will work on getting answers to the few questions we missed and I will have them posted here shortly. […]
News
Update FinCEN’s 314(a) Announcement
Last week FinCEN announced that they were adding new data elements to the 314a file that you download and scan against member accounts. They reported that they would be adding email, IP address, and website address to an existing field in the file. No additional fields are being added; rather, new data type descriptions and […]
CU*Answers, Zoot, and the Military Lending Act (MLA)
As we’ve previously reported, we are working closely with Zoot in regards to MLA in order to develop the specifications that will ultimately lead to displaying an active military status on credit reports in CU*BASE GOLD. In a recent meeting between CU*Answers and Zoot staff, we learned from Zoot that our clients should be contacting credit […]
New Information Regarding 314(a) Data
Many of you received the email from FinCEN today announcing that IP addresses and e-mail addresses may be included within the 314(a) subject information that is made available to you via the Secure Information Sharing System (SISS). CU*Answers also received this email and is researching what (if anything) we will need to do with this data. […]
AuditLink Thanks Clients with Three Free Months of Daily Compliance Monitoring; Extends Offer to New Clients
AuditLink, the auditing and compliance division of cooperative CUSO CU*Answers, is giving back to the clients that have helped the team achieve success in driving down the cost of compliance for credit unions. In an announcement sent to the credit union clients of the CU*Answers network, AuditLink stated that it would be giving three months […]
Update to the Military Lending Act (MLA)
More and more is being learned about the requirements of the Military Lending Act here at CU*Answers, and questions continue to be asked relative to what changes we anticipate making in CU*BASE. This update will investigate the three main requirements and then further describe where we are at relative to the core platform. For previously […]
Record Attendance for AuditLink’s Second Conversations on Compliance Symposium
“We had an amazing turnout this year,” said Marsha Sapino, AuditLink Assistant Manager. “We filled our training room to its capacity. Turnout was so high in fact that next year we will be moving the event off-site and will open up the invitation to individuals outside the CU*Answers client network as well.” The full day […]
Conversations on Compliance – Another Successful Event
We here at AuditLink would like to thank everyone that attended our Conversations on Compliance event on May 24. It was a great day! As promised, attached are the presentations from the day. Mark your calendars for next year as we will be moving this event to a venue. Tentative date is May 10, 2017. […]
AuditLink Moving Forward with Top Ten Products
CU*Answers has announced that AuditLink’s Top Ten suggested projects previously presented are in various stages of client implementation, programming development, or still being reviewed. AuditLink, a division of CU*Answers, has re-iterated that a key strategy is to design system features that create a least-cost process in the credit union and meet the minimum requirements imposed […]
AuditLink Becomes G2Link Vendor Monitoring Reseller
AuditLink, the audit and compliance division of the West Michigan-based CUSO CU*Answers, announced that it has become a reseller of the G2Link vendor monitoring platform, which helps financial institutions automate their vendor compliance monitoring. AuditLink helps credit unions reduce their cost of compliance by providing compliance management services including daily log management, comprehensive program reviews, […]