Compliance Blog

Written by JiJi Bahhur, Director of Regulatory Compliance

NAFCU’s Regulatory Compliance Team strives to ensure that NAFCU credit union members continue to receive up-to-date, useful compliance resources. As part of our efforts, we have created a new, periodic, online newsletter – NAFCU Compliance Cyber Café – the first issue of which was emailed out to subscribers this morning.

As the name suggests, the newsletter focuses on cybersecurity and other interrelated items, with an emphasis on these issues from the perspective of a compliance officer. As cybersecurity is one of NCUA’s focal points for examinations, and in light of the increasing volume and sophistication of cyber threats, we hope you will benefit from the resources we provide in this newsletter.

Today’s issue includes three articles and a number of “cafe bites.”  The first article focuses on the Federal Financial Institutions Examination Council’s (FFIEC) recently released Cybersecurity Assessment Tool, which was developed to help institutions identify their risks and determine their cybersecurity preparedness. The second article hones in on the Department of Justice’s “best practices” for preventing, detecting, and responding to cyber incidents.  And last, we have an article on strengthening the cyber resilience in business continuity plans.

If you are a NAFCU member and would like to receive our new electronic cyber newsletter, you can subscribe here or here, or contact NAFCU’s compliance team at compliance@nafcu.org and we can help you sign-up.  Also, if you were not already subscribed to receive today’s issue that went out this morning, and you’d like to see the articles that the newsletter contained, you can do so here. 

Have a great week!

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Mortgage Advertising Requirements: What You Don’t Know Can Hurt You

Live Webcast: Tuesday, August 11 | 2:00 p.m. – 3:30 p.m. ET

It’s not just regulators—even eager plaintiff’s attorneys are watching. And mistakes are easy to make. Attend this informative webcast to ensure you understand the detailed requirements of the Truth In Lending Act requirements on the content and format of mortgage-related advertising disclosures. We’ll review trigger terms, formatting requirements, and common errors, plus provide guidelines for an effect marketing compliance plan.