Move is designed to reduce the financial strain on the National Flood Insurance Program.

Start educating board members and executives about new financial expectations.

The CFPB released its Winter 2017 Supervisory Highlights recently, detailing issues currently on the bureau’s radar, as well as enforcement trends credit unions should be mindful of, most notably UDAAP in auto loan servicing, mortgage servicing and deposits.

The NCUA, along with other federal financial regulators, has posted a FAQ document on the CECL standard. CUNA has called on NCUA to provide credit unions with resources on CECL to aid in implementation.

The ever-increasing array of cyberthreats makes the board’s ongoing involvement in cybersecurity critical.