Overdraft Opt-In for Recurring Debit Card Transactions Q. Heather, What does Reg E say regarding recurring debit card transactions? We have a member that opted out of overdraft coverage, but our
Got BSA Training? We understand mandatory Bank Secrecy Act (BSA) training can get old, stale, annoying, difficult, etc. To that end, the Utah Credit Union Association would like to introduce
Compliance training Some of you may already know that we are conducting our annual compliance training series a bit differently this year. While making plans for 2022, Liz White (our
Holiday counting and Reg Z Federal Holidays that fall on a weekend (like Christmas and New Year’s Day do this year) always bring up questions with how financial institutions count
Overdraft programs present big risks for credit unions Overdraft fee programs are shaping up to be a top risk for credit unions during 2022. Any credit union that maintains an
Chip shortage could hit card issuers For months we’ve been hearing about chip shortages in relation to trucks and electronics. So far, the financial services industry has (mercifully) been relatively
Your net worth ratio depends on how you define total assets Stop me if you’ve heard this one. It’s last day of the month. It’s also a Friday. AND it’s
Does NCUA’s MERIT have . . . merit? In recent months NCUA has been talking about a new system of some kind that’s supposed to help with exams, but none
ESG just comes natural to credit unions This September 1 article on Axios resonates with a few points I made at the recent roundtable the Association held regarding ESG—mainly that more
