CUNA hosted its annual Bank Secrecy Act Conference last week in conjunction with the National Association of State Credit Union Supervisors. Attendees heard from a variety of experts on the top BSA issues.
As the holidays approach, many credit unions have questions about consecutive day closings. For example, a credit union might like to close for Thanksgiving, Nov. 24 and remain closed until the following Monday, Nov. 28. Is that allowed?
It its latest “Back to Basics” CompBlog post, CUNA’s compliance staff examines a number of things credit unions should know about Office of Foreign Assets Control compliance. OFAC enforces and administers sanctions programs and furthers national security goals.
With CUNA’s Bank Secrecy Act Conference, hosted in conjunction with the National Association of State Credit Union Supervisors, coming up next month, CUNA’s compliance staff went into detail of the NCUA’s BSA compliance program in a recent CompBlog entry.
The CFPB's new mortgage servicing rule contains information on a partial exemption from early intervention requirements for borrowers in bankruptcy. During bankrputcy, mortgage servicers are exempt from the live contact requirements, according to the new rule.