Cyber Incident Notification Requirements

Beginning Friday, September 1, 2023, the NCUA’s new Cyber Incident Notification Requirements Rule goes into effect. All federally insured credit unions will need to notify the NCUA as soon as possible, and no later than 72 hours, after the credit union reasonably believes it has experienced a reportable cyber incident or received a notification from a third party regarding a … Read More

TILA and Regulation Z: Top 10 Material Violations

The Association of Credit Union Internal Auditors, Inc., recently awarded Justin Hosie and our own Cliff Cook the Pat Richey 2023 Article of the Year for their informative and entertaining article on Regulation Z’s top 10 material violations. TILA and Regulation Z:  Top 10 Material Violations By: Justin Hosie[1] and Cliff Cook[2] June 5, 2022 If you saw the title … Read More

July 2023’s Regulatory Recap

July 2023’s Regulatory Recap is now available here. It includes guidance on reconsiderations of value of residential real estate valuations, NCUA Federal Credit Union Bylaw updates, and supervisory highlights. 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” … Read More