Review
FCRA's consumer reporting requirements in new blog
NAFCU Vice
President of Regulatory Compliance Brandy Bruyere highlights accuracy and integrity
in consumer reporting under the Fair Credit Reporting Act (FCRA) in a new post
on the Compliance Blog. Earlier this year, the NCUA released its supervisory priorities
for 2020, which included the FCRA as a new item.
NY
Fed: Household debt rises for 22nd consecutive quarter
A new report
from the Federal Reserve Bank of New York found that household debt rose $193
billion in the fourth quarter of 2019 – the 22nd consecutive quarter of increases.
Household debt now stands at $14.15 trillion, roughly $1.5 trillion higher than
the pre-recession peak set in the third quarter of 2008.
New
NAFCU BSA School built for core foundation of BSA knowledge
NAFCU's
newly formatted BSA School – replacing BSA Seminar – brings the same ability
to earn a prestigious NAFCU Certified Bank Secrecy Officer (NCBSO) designation
and an updated format aimed at a solid understanding of the core Bank Secrecy
Act (BSA) regulations that impact operations. Designed specifically for credit
unions by leading BSA authorities, attendees will walk away with the tools and
foundational know-how to fortify their credit union's BSA/AML program.
