NCUA outlines teleworking risks to CUs
Following NAFCU’s discussion last week with the NCUA on its view of managing cybersecurity and privacy risks amid the coronavirus pandemic, the agency Tuesday issued a risk alert for ...
The latest from John Pettit
Leadership and the ‘human operating system’
Being an effective leader requires not only understanding the people you’re leading, but also how the human brain operates and how it affects a person’s actions and emotions. ...
Appraisals for closed-end loans during the COVID-19 times
Section 722.4 of NCUA’s regulations sets forth minimum requirements for appraisals when one is required for a loan. Recently, the compliance team at NAFCU has received some questions ...
The mortgage market needs a plumber…fast!
When you own a house, most hope that they never have to know too much about the intricacy of the home’s plumbing system. Odds are, if there’s a ...
Best practices for managing delinquency in uncertain times
Now more than ever, the credit union philosophy of “people helping people” is critical to maintaining member loyalty and trust in their biggest time of need. While the COVID-19 pandemic ...
CUNA/AACUL/Leagues bring PPP recommendations for equal CU access
Challenges to lenders making loans through the Paycheck Protection Program (PPP) persist, CUNA, the American Association of Credit Union Leagues and state Leagues wrote to Treasury Secretary Steven Mnuchin Tuesday. ...
New report warns of stimulus payment fraud
As the Treasury Department and Internal Revenue Service begin to disperse stimulus payments under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), an article from KrebsOnSecurity warns that ...
Bad actors revel in hard times
Here’s a scenario that may become more common as credit unions deploy remote workers as part of their COVID-19 pandemic response: A scammer looks up CU employees on LinkedIn ...