Compliance

ALEXANDRIA, Va. – An internal report issued yesterday by NCUA said the agency’s examiners are negligent in enforcing supervisory agreements, resulting in the failure of numerous CAMEL 1 and CAMEL 2 credit unions over the past few years.

CHICAGO-For 2012, NCUA is exploring a realignment of how it deploys its examiners and the amount of time examiners spend at credit unions, according to Chairman Debbie Matz.

WASHINGTON – Credit unions are asking the Federal Reserve to exempt them from stiff new disclosure requirements on international remittances, one of the dozens of provisions included in the Dodd-Frank Act the Fed must implement.

WASHINGTON – Credit union executives and directors were broadly dubious of an NCUA initiative Chairman Debbie Matz says is de-regulatory in its aims.

CU Journal has assembled an overview of new state laws and regulations affecting credit unions.

LOS ALTOS, Calif.-The most prevalent approach today to online security and fraud prevention is not working, said one executive who spoke to Credit Union Journal.

WASHINGTON – As NCUA prepares to examine one-third of its rules and regs during its annual regulatory review, CUNA is again stressing that the regulator must not and cannot add to the compliance burden already on CUs.

NEWPORT BEACH, Calif.-Reaction to NCUA's proposed rule changes regarding CUSOs has been swift and negative.

GLASGOW, Scotland-While CUSOs are widespread in the United States, the nation has nonetheless been slow to fully leverage collaboration among credit unions.

RANCHO CUCAMONGA, Calif.-Since CUs will likely have to change out one ATM at each branch next year, they should also consider adding imaging capability to the new machine they purchase.