Compliance Blog

NCUA recently issued prohibition orders against six individuals.  Access them here.   Food for thought: these orders might make for an interesting addition to a training session.  They send a clear message to credit union employees: people are watching what they do.  In the recent batch of prohibition orders, one former loan officer faces 28 months in prison and restitution payments of almost $250,000. 

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NCUA has released the board agenda for this month's NCUA Board Meeting.  Access it here. Matters to be considered?

1. Quarterly Insurance Fund Report.
2. Final Rule:  Part 797 of NCUA’s Rules and Regulations, Procedures for Debt Collection.

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This is the NAFCU Compliance Blog's 100th posting.  We hope you've found it to be interesting and useful.  If you have are any topics, ideas, grammatical advice, comments or complaints, drop me a line at ademangone@nafcu.org.  I'd love to hear from you.