Compliance updates added to CU PolicyPro

Published by: Christy Clark

May 3, 2023 | Compliance

CU PolicyPro has released its second update of 2023 to assist you in staying compliant. This update includes a few regulatory changes, including the NCUA’s cyber incident notification requirements, NCUA’s changes to the subordinated debt rule, and the final effective date of the Federal Communications Commission (FCC) Pallone-Thune Telephone Robocall Abuse Criminal Enforcement and Deterrence Act (TRACED Act) that amended the Telephone Consumer Protection Act (TCPA). Additional policy updates were also made in relation to FASB’s elimination of accounting guidance for Troubled Debt Restructurings (TDRs) with the adoption of CECL.

There are beneficial updates in policies and procedures for every credit union. This content is designed to provide a solid jump start for credit unions to further edit and refine their own policy/procedure manual. Make sure you log in to CU PolicyPro and check out the revisions and new content today.

Other Movement News

Government Affairs

NCUA Board Nomination hearing in U.S. Senate

On Thursday, Oct. 19, the U.S. Senate Committee on Banking, Housing, and Urban Affairs held a confirmation hearing for several appointments, including Tanya Otsuka, to the National Credit Union Administration […]

ODFI seeks input on five-year rule review

For the dual charter system to work, both charters must compete and meaningfully drive the other to stay current, relevant, and strong. That is why the League has worked with […]
Member Benefits

League helps credit unions build a stronger future

As we approach the upcoming new year, the Ohio Credit Union League and the newly united national trade association, America’s Credit Unions, eagerly anticipate another year of advocating for Ohio’s […]