I was out of the office at NAFCU's Volunteer's Conference in San Antonio last week. It is amazing how quickly one's email inbox can get out of control. As I cleaned out my inbox, here are some things that caught my eye.
Current Issues in Credit Unions. I co-host a podcast with a number of talented legal eagles. The most recent edition is available here. We touch upon, Reg Z, interchange, CUSOs, Reg GG, and more!
Risk-Based Pricing Notice. NAFCU members, we have produced a final regulation to help you comply with the upcoming requirements here.
Board Member Hyland. Speaking of podcasts, NCUA Board Member Gigi Hyland participated in a podcast that addressed the state of the industry, compliance with Red Flags, vendor management and more. Listen to it here. Some of you may not know that Ms. Hyland is an attorney who served as GC for a corporate at one point. So her views on compliance-related issues are worth a listen. The podcast is only 18 minutes long, and spends a good deal of time on fraud prevention and internal controls.
Credit card agreements. The Fed's online system is up and running. The first thing I did was to check to see if my credit union's agreement was there. I bet your members will do the same thing if they stumble upon the site.
Reg GG. The OCC has issued a nice overview document which includes exam procedures for Reg GG.
OK, I think that's enough for the Friday before Memorial Day. I have three things to say about the upcoming three-day weekend.
- Enjoy yourself and be safe.
- Remember the reason we celebrate Memorial Day.
- Enjoy your family. I'll do the same.