NCUA posts report on serving the credit-invisible
“Serving the Credit-Invisible,” a new report posted by the NCUA, explains how credit unions can build loan programs based on sound underwriting, appropriate risk management, loan monitoring and staff training that can help them reach this underserved population. The report details how to evaluate a loan applicant who is “credit-invisible” and describes best practices for serving those members within the normal boundaries of safety and soundness. Credit-invisible consumers may lack credit scores because they have limited or incomplete credit histories.
Visa Product and Service Rules
Effective 14 October 2016
A US Issuer must provide its Cardholders the option to participate in a service that delivers Transaction alerts for Transactions processed on a consumer Card, excluding a Non-Reloadable Card, and routed as follows:
- Visa Transactions routed through VisaNet
- Interlink transactions routed through the Interlink Network
- Plus transactions routed through the Plus Network
The Issuer may offer this service either itself, through a VisaNet Processor, a third-party service provider, or the Visa Transaction Alerts Service.
https://usa.visa.com/content/dam/VCOM/download/about-visa/visa-rules-public.pdf
FDIC Supervisory Insights
April’s edition of the FDIC’s Supervisory Insights provides common-sense principles that describe the responsibilities and duties of a bank’s board of directors – a framework for corporate governance that applies to any financial institution. It is a good resource for understanding the duties of the board.
