Lizeth GeorgeDon’t forget to join the League of Southeastern Credit Unions & Affiliates (LSCU) for a LSCU Compliance Council Meeting on September 23 at 9:00 a.m. ET.
Hear from Donna Ashworth, CEO of Payments First about “What’s Missing from Your Payments Audits?” This presentation will specifically address Automated Clearing House (ACH), Online Banking, Wire, and Remote Deposit Capture (RDC). After attending this session, you will have a good understanding of the components of an effective risk-based audit program.
You’ll also hear from Ken Otsuka, CPA/Senior Consultant, Risk & Compliance Solutions at CUNA Mutual Group where he will cover “P2P Fraud & Handling Disputes.” This session will provide an overview of P2P fraud impacting credit unions and their members to include:
- A detailed description of the Zelle/P2P fraud scam
- Account takeovers of member accounts via P2P
- Overview of Reg E’s prepaid account rule
- How Reg E’s error resolution applies to P2P apps subject to the prepaid account rule.
Note: You must be a member of the LSCU Council to register for this meeting.
