November 15 2024

NCUA November Board Meeting Produces Final CUSO Rule and Announcement on 2014 Corporate Credit Union Assessment

The NCUA Board approved changes to the CUSO Rule that will require all CUSOs to report certain information to NCUA and state regulators. CUSOs that offer more complex or higher-risk services, such as credit and lending, IT, and custody, safe-keeping and investment management services, will be required to report more detailed information, including providing financial statements ad general customer information. In addition, the Board announced that, due to recent legal settlements, it does not anticipate a corporate credit union assessment for 2014. [11/22]

Risk Watch Plus Webinar 8: Complaint Management

Complaints: Why you shouldn’t shun them, but invite them! In this era of exploding complaint volume, this certificated webinar (see instructions in video for how to get your free certificate of completion) takes a look at the risks, evolution, and need for a management strategy to effectively deal with complaints. Before that, we cover what’s hot in compliance, as seen by the editors of Risk InboX. This week’s hot items: 1) HUD cancels Obama era Fair Housing rule; 2) “HMDA” for boards and management; and 3) CFPB has added a new dimension to its complaint database. Click here to watch now.

What is the AffirmX Platform?

Video What makes the patented AffirmX Risk Intel Platform different than anything else out there? Take the next 3 minutes to see what this revolutionary tool can do for your financial institution. Watch Video

About Risk InboX

Each day, teams of subject matter experts and analysts at AffirmX and AdvisX comb through dozens of resources to keep tabs on the latest developments in areas of risk. We share our findings here, along with a brief note about why each item matters.

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