WASHINGTON (8/3/12)---In this month's edition of the Credit Union National Association's (CUNA) CompBlog Wrap-Up
, CUNA Senior Vice President for Compliance Kathy Thompson takes note of the many recent National Credit Union Administration (NCUA) "announcements and pronouncements" that will affect credit union examinations.
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.