Update to Cybersecurity Assessment Tool

The FFIEC released an update the the Cybersecurity Assessment Tool.  This update to the Assessment addresses changes to the FFIEC IT Examination Handbook by providing a revised mapping in Appendix A to the updated Information Security and Management booklets. The updated Assessment will also provide additional response options, allowing financial institution management to include supplementary or complementary behaviors, practices and … Read More

Availability of Appraisers

Earlier this month, the banking brotherhood, including the NCUA, released an Interagency Advisory or the Availability of Appraisers. Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) requires NCUA to establish appraisal standards for all federally related transactions. Part 722 of NCUA’s regulations provides these standards. Generally, the rules require the appraisal to be performed by a … Read More

Want to Share?

We have a member credit union looking for a Vendor Management Policy. If you have one that you are willing to share, please email it to jmckinney@nwcompliance.org Passwords to access the blog posts, and blog posts are only for NWCG owners and retained clients. These should not be shared outside of the credit union. Blog posts generally contain only a … Read More