A trusted disaster recovery plan not only ensures credit unions that their data will be safe should a system failure occur, Federal Financial Institutions Examination Council examination guidelines require financial institutions to have one in place.
Effort addresses rules finalized last month on qualified mortgages, ability to repay.
Agency also elevates position to direct report to NCUA Board.
DDoS attacks have been confirmed that have taken down two credit unions and several large banks’ websites. It’s been proven our entire financial system is vulnerable. While stealing personal information doesn’t seem to have been at play, this is a critical concern for the entire financial services industry.
Regulators fiddle while Rome set to burn.
The creeping economic recovery has pushed credit unions to think more creatively to generate new revenues and efficiencies. A story we posted referring to Kern Schools Federal Credit Union last year drew an angry comment from a member recently.
Creative thinking at Kern Schools FCU, NCUA dual chartering issue and social media are covered in this week's column by Editor/Publisher Sarah Snell Cooke.
Comments sought on guidance that includes compliance and legal, operational and reputational risk of new channels.
Final rule would remove references to credit ratings in NCUA regulations as they apply to the credit unions' analysis of investments.
The Redwood City, Calif.-based technology vendor Pano Logic, a provider of virtual end user systems to a client list that includes at least three credit unions, had just announced a success story about its partnership with the $3.4 billion Redstone Federal Credit Union of Huntsville, Ala. when the company essentially...