PYMNTS

SEPTEMBER 21, 2020

Separately, last month, five federal regulatory agencies – including the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC), the Financial Crimes Enforcement Network (FinCEN), the National Credit Union Administration (NCUA) and the Office of the Comptroller of the Currency (OCC) – issued a joint statement designed to address questions (..)

Fincen 139

Fincen AML Suspicious Activity Report (SAR) Financial Crimes 139

PYMNTS

MAY 8, 2019

Jim Nussle, president and CEO of the Credit Union National Association (CUNA), recently requested that all CU supervision be handled by the National Credit Union Administration (NCUA). Government Accountability Office (GAO) that were “sharply critical of the adequacy of NCUA supervisory procedures, and the competency of NCUA examiners.”

CFPB 43

CFPB Consumer Financial Protection Bureau (CFPB) NCUA Credit Union 43

PYMNTS

FEBRUARY 28, 2020

Many are leveraging the Automated Cybersecurity Examination Tool, developed by the National Credit Union Administration (NCUA), to bridge this gap. The NCUA will collect data from these areas, which it will then leverage to establish data nationwide standards.

Credit Union 52

Credit Union CCPA Data Breach NCUA 52

Global Fintech & Digital Assets

JANUARY 12, 2024

The director would be required to hold quarterly meetings with financial institutions to discuss examination procedures, practices, and policies. The director would need to review FFIEC examination procedures to ensure that the written examination policies of those agencies are being followed in practice and applied consistently.

FFIEC 52

FFIEC Process FRB Consumer Financial Protection Bureau (CFPB) 52

PYMNTS

MARCH 2, 2020

The February 2020 The Credit Union Tracker ® notes that many CUs already utilize the Automated Cybersecurity Examination Tool provided by the National Credit Union Administration ( NCUA ). That program is detailed in the February Tracker, as are efforts including the California Consumer Privacy Act (CCPA).

Credit Union 52

Credit Union Credit Union Service Organization NCUA CCPA 52

PYMNTS

OCTOBER 12, 2016

The central issue in the case was a 2014 claim the CFPB made against PHH; specifically that the New Jersey-based mortgage lender pay $109 million for allegedly violating the Real Estate Settlement Procedures Act by accepting kickbacks from mortgage insurers. Although the FRB, ITC, SEC, FDIC, FCC, NCUA, etc.,

CFPB 60

CFPB Rules FRB NCUA 60