The Federal Housing Finance Agency (FHFA) published a final rule on Aug. 16 that presents the standards and criteria, and outlines a four-phase process, that Fannie Mae and Freddie Mac (the Enterprises) will use to validate and approve third-party...
On Thursday, Gov. Ron DeSantis issued Executive Order 19-190, declaring all 67 counties of Florida under a State of Emergency. The new order is an amendment to Wednesday’s declaration, which covered only a limited number of counties expected...
In advance of Hurricane Dorian, the National Flood Insurance Program (NFIP) offers information on flood insurance. Check out available resources, including the Cost of Flooding Tool. Download the FEMA Mobile App (IN ENGLISH AND SPANISH) FloodSmart...
Birmingham compliance meeting focuses on regulatory issues Mike Lee, LSCU director of regulatory advocacy, led his monthly compliance meeting Aug. 29 at the LSCU’s Birmingham office. The meeting addresses credit union regulatory issues and...
Due to Hurricane Dorian, the Florida Office of Financial Regulation has issued a Proclamation which allows financial institutions to close one or more or all of its branch offices when the officers determine that an emergency exists. The...
Encourage Young Professionals in your credit union to take a lead role through Advocacy Workshops hosted by CUNA during the month of September. The first will be held on Monday, Sept. 9 and the second on Monday, Sept. 23. Both will be held from...
Closings will be posted on this page as we make contact with our credit unions. Georgia credit union updates: CORE Savannah Branch – All branches closed Thursday. All branches will reopen on Friday. Five Star CU – Brunswick and St...
Reward cards are all the rage, according to the Consumer Financial Protection Bureau’s fourth biennial report on the state of the credit card market for the period 2017-2018. The report was released Tuesday and shows credit cards remain...
Mark your calendars for the 2020 Southeast Regional Directors Conference at the Grand Hotel Golf Resort & Spa in Point Clear, AL from July 26-29. Look for more information, including an agenda, from our education team.
As cybersecurity issues erupt routinely in today’s high-risk environment, the Federal Financial Institutions Examination Council (FFIEC) members are looking for ways to fight back. Yesterday, the FFIEC emphasized the benefits of using a...