Read more about the article Financial Regulators Update Examiner Guidance on Financial Institutions’ Information Technology Development, Acquisition, and Maintenance

Financial Regulators Update Examiner Guidance on Financial Institutions’ Information Technology Development, Acquisition, and Maintenance

Financial Regulators Update Examiner Guidance on Financial Institutions’ Information Technology Development, Acquisition, and Maintenance (Aug. 29, 2024) – The Federal Financial Institutions Examination Council (FFIEC) today issued a new booklet to help examiners assess information technology practices. The “Development, Acquisition, and Maintenance” booklet provides examiners with fundamental examination expectations regarding entities’ development and acquisition planning and

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Read more about the article NCUA Board Approves Proposed Rule to Standardize Data Submitted to Federal Financial Regulatory Agencies

NCUA Board Approves Proposed Rule to Standardize Data Submitted to Federal Financial Regulatory Agencies

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NCUA Board Approves Proposed Rule to Standardize Data Submitted to Federal Financial Regulatory Agencies ALEXANDRIA, Va. (Aug. 9, 2024) – The National Credit Union Administration Board unanimously approved, by notation vote, an interagency notice of proposed rulemaking that would establish data standards for certain information collections submitted to the NCUA and other financial regulatory agencies.

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Read more about the article NCUA Prohibits Two Individuals from Participating in the Affairs of Any Federally Insured Depository Institution

NCUA Prohibits Two Individuals from Participating in the Affairs of Any Federally Insured Depository Institution

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NCUA Prohibits Two Individuals from Participating in the Affairs of Any Federally Insured Depository Institution ALEXANDRIA, Va. (July 31, 2024) – The National Credit Union Administration in July 2024 permanently prohibited two individuals from participating in the affairs of any federally insured depository institution. Prohibition Orders: Jose Prado-Valero, a former employee of Financial Center First

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Read more about the article Agencies Request Comment on Anti-Money Laundering/Countering the Financing of Terrorism Proposed Rule

Agencies Request Comment on Anti-Money Laundering/Countering the Financing of Terrorism Proposed Rule

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Agencies Request Comment on Anti-Money Laundering/Countering the Financing of Terrorism Proposed Rule (July 19, 2024) – Four federal financial institution regulatory agencies today requested comment on a proposal to update their requirements for supervised institutions to establish, implement, and maintain effective, risk-based, and reasonably designed anti-money laundering and countering the financing of terrorism (AML/CFT) programs. The

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Read more about the article NCUA Board Approves Proposed Rules on Incentive-based Compensation, Succession Planning

NCUA Board Approves Proposed Rules on Incentive-based Compensation, Succession Planning

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NCUA Board Approves Proposed Rules on Incentive-based Compensation, Succession Planning Board Action Bulletin Maintains 18-percent Loan Interest Rate Ceiling for Federal Credit Unions ALEXANDRIA, Va. (July 18, 2024) – The National Credit Union Administration Board held its fifth open meeting of 2024 and approved a proposed rule on incentive-based compensation and a revised proposed rule

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