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.
Contact Christy Clark for questions or assistance.
