Payoffs, kickbacks, payola, hush money, sweetener – all mean the same thing, a bribe. Federal financial institutions are subject to the requirements of the Bank Bribery Act (18 U.S.C. § 215).The Bank Bribery Act or BBA was last amended in 1985 when it required federal financial regulatory agencies to establish guidelines to assist financial institution officials …
Many of you probably saw the NCUA Express notice which was sent to credit unions last week announcing an upcoming webinar on liquidity. As you know, a credit union’s liquidity risk is a supervisory priority for NCUA because of the increased potential that liquidity stressors have on a credit union’s earnings and capital. Earlier this …
Fair lending is on NCUA’s list of supervisory priorities again for 2024. Similar to other years, it falls under the umbrella of consumer financial protection. Areas of focus under this umbrella are based on things such as recent regulatory changes, trends in exam findings and violations, input from NCUA examiners and field staff, consumer complaints, …
