CompBlog Wrap-Up Reports on NCUA Exam News
As the CompBlog Wrap-Up notes, the NCUA has recently addressed:
Multi-featured open-end lending;
Servicemembers Civil Relief Act compliance concerns;
Fair lending exams;
Interest rate risk regulation;
Emergency liquidity sources; and
Small federal credit union examination programs.
The agency has also announced the development of a new Office of National Examination and Supervision, which will begin its work in January.
The August Wrap-Up also offers several compliance Q&As, reviews the new U.S. Internal Revenue Service reporting rule for nonresident aliens and highlights some common signs of elder financial abuse.
And as it does every month, the CompBlog Wrap-Up lists the upcoming effective dates of new regulations, important compliance articles and reports to read, as well as CUNA training programs.
For more of the CUNA CompBlog Wrap-Up, and other compliance gems, use the resource links.