Also: Supervisory committee changes top September's compliance issues; Survey reveals decreased biz lending



NAFCU TODAY | The News You Need Daily.

October 2, 2019



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Resources available during cybersecurity month [ [link removed] ]
October is National Cybersecurity Awareness Month and the NCUA is reminding credit union stakeholders to remain vigilant as financial losses due to cybercrime reached $2.7 billion in 2018. Cybersecurity is a supervisory priority for the agency; NAFCU's most recent Economic & CU Monitor report revealed that credit unions are devoting more resources and are more concerned about cyber risks in recent years.


Top 5 compliance issues of September: Supervisory Committee Guide, Truth in Lending [ [link removed] ]
NAFCU's award-winning compliance team works daily to offer compliance assistance and services to keep credit unions' informed of the ever-changing regulatory environment. Each month, the team answers hundreds of compliance-related questions from NAFCU members and blogs on key issues. Here were the five most popular topics in September.


Survey: Business lending drops amid economic concerns [ [link removed] ]
Small- and mid-size businesses reported that they had a harder time getting loans during the third quarter of 2019 compared to the second quarter, according to a quarterly survey from Pepperdine University. As a result of lower access to capital, 30 percent of the businesses surveyed said they were not planning to add jobs.






NACHA update, CDD, more webinars to register for in October [ [link removed] ]
NAFCU is offering several webinars throughout October to help credit unions address compliance challenges – related to ACH changes, the customer due diligence (CDD) rule, and more – improve employee engagement, and innovate. The association is also hosting its Q3 Member Call Oct. 15 – a member-only inside look at Washington and key issues facing credit unions.


CECL, elder financial abuse among sessions at NAFCU seminars [ [link removed] ]
NAFCU's Risk Management Seminar and Regulatory Compliance Seminar continue today in Savannah, Ga., with sessions focused on hot topics such as the current expected credit loss (CECL) standard, marijuana banking, and elder financial abuse.



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NAFCU Calendar: [link removed]





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