October 2013 NCUA Report; NAFCU Webcast on UDAAP

Written by Bernadette Clair, Regulatory Compliance Counsel

Last week, the NCUA released its October 2013 NCUA Report. Featured articles include the following:

• Chairman’s Corner: Mitigating Risks on the Horizon

• CAMEL Ratings for Corporate Credit Unions

• Board Perspectives: A Little Bit of This, a Little Bit of That; Maximizing Partnerships to Minimize Risk

• Charitable Donations Rule Proposed

• Considerations for Certain Employee Benefits

• Protecting Members from Holiday Fraudsters

• Credit Unions Receive More than $25 Million

• Reminder of Membership Eligibility and Enrollment

• NCUA, VA Team Up to Increase Veteran Hiring

You can view the full report here.

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NAFCU Webcast on UDAAP: Managing Compliance and Mitigating Risk. Today, from 2:00 p.m. - 3:30 p.m. EDT, NAFCU is hosting a webcast on Unfair, Deceptive, or Abusive Acts or Practices (UDAAP) compliance with speaker Jane Pannier, senior vice president and in-house counsel for NeighborBench, LLC.  Webcast key takeaways include:

• An understanding of the scope and requirements of UDAAP

• Examples that highlight where credit unions have neglected UDAAP requirements

• Best practices for conducting a UDAAP risk assessment

• Recommendations for mitigating your UDAAP risk

Registration is still open - Sign Up Today! Remember, NAFCU's webcasts are available to anyone and everyone. On-demand webcasts are archived and available for up to 12 months after the live broadcast.