February’s Regulatory Recap Now Available

February’s Regulatory Recap is now available here. Let us know if you have any questions or if we can help in any way. Please be advised that CSG provides financial services compliance audit and consulting services to our clients.  The services that we provide include certain tasks that may be characterized as “law-related services” under Rule 5.7 of the Rules … Read More

NCUA Approves Joint-Ownership Share Accounts Final Rule

During its February 18, 2021, open meeting, the NCUA approved a final rule governing the requirements for a share account to be separately insured as a joint account. Under the final rule, proof of joint-ownership, for determining share insurance coverage, can be satisfied by the credit union having issued a mechanism for accessing the account, such as a debit card, … Read More

COVID-19 Fraud Alerts

Did you know that the Federal Trade Commission received more than 2.2 million fraud reports with losses of almost $3.3 billion in 2020? FinCEN has published a number of Advisories and Notices related to COVID-19 fraud activity for financial institutions. For your convenience, we have listed these below. Advisories FIN-2021-A001 – Advisory on COVID-19 Health Insurance- and Health Care-Related Fraud (02/02/2021) This advisory provides … Read More