February 2023’s Regulatory Recap

February 2023’s Regulatory Recap is now available here. The Regulatory Recap includes FinCEN guidance on Mail Theft-Related Check Fraud, a proposed rule from the U.S. Treasury on requiring institutions to use the Treasury Check Verification System to verify that Treasury checks are both authentic and valid before negotiating, and the final NCUA Rule on Reportable Cycber Incidents, among other items. … Read More

Cyber Incident Notification Requirements for Federally Insured Credit Unions

The NCUA Board unanimously approved a final rule that requires a federally insured credit union to notify the NCUA as soon as possible, and within 72 hours, after it reasonably believes that a reportable cyber incident has occurred. Under the final rule, federally insured credit unions are required to report a cyber incident that leads to a substantial loss of … Read More

January 2023 Regulatory Recap

The January 2023 Regulatory Recap is now available here. The Regulatory Recap includes FinCEN Guidance on human smuggling and sanctioned Russian elites, proposed rules from the CFPB, and supervisory priorities, along with agency guidance. Our 2023 audit calendar is open and filling up fast! Whether you are looking for a BSA exam, loan compliance review, help making sure your LAR … Read More