Resources
available during cybersecurity month
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
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
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.
Built by CFOs, for CFOs
The actionable info
you need to advance your CU further
NACHA
update, CDD, more webinars to register for in October
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
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.
