May 10, 2018
In This Issue
Lagniappe Listserv
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t o get input on compliance related issues, share best practices, or share policies, procedures and the latest in fraud awareness.   

ComplySight: FREE Recorded Webinars
Recorded Webinars - Watch on Demand!

ComplySight training webinars are available at any time, and registration is not required. 

NEW! Complaint Management System

 

Overview (3 minutes) 

Setting up Users (3 minutes) 

Creating a Complaint (9 minutes)

Managing Complaints (5 minutes)  

Managing Sub Categories, Member/Non-Members, and Branches (7 minutes)

Reports (2 minutes) 


 

New User Training and Tips

 

Introduction to ComplySight

Training & Tips - Where to Start? 

Training & Tips - Exporting 

Training & Tips - Reg Alerts, Etc. 

Training & Tips - Reports
 

Overview of ComplySight Enhancements and Features

 

Factor Grading Screen and Factor Grade Reports 

Factor Selection Navigation Screens 

Access Level 2.5 and How to Use It

 
Get immediate access to ComplySight with a 30-day, risk-free trial! Use prmo code: FREETRIAL810
InfoSight Highlight: Security

Part 748 of the NCUA Rules and Regulations requires that each federally-insured credit union develop a comprehensive written security program (including administrative, technical, and physical safeguards appropriate to their size, complexity, and the nature and scope of their operations).  Does your credit union utilize Social Media?  Do you do wire transfers? Would you know what to do if one of your elderly members has been the victim of elder abuse or fraud?  In the Security channel of InfoSight, you will find a variety of topics on these and many others, including cybersecurity, cloud computing, internal controls, identity theft and more.

Be sure you are kept up-to-date with the information in the Security channel today!
FFIEC and CFPB release mortgage data    

The CFPB has announced that the FFIEC has released data on mortgage lending transactions at 5,852 financial institutions covered by HMDA. The FFIEC released loan-level HMDA data that cover 2017 lending activity submitted by financial institutions on or before April 18, 2018. Unlike in past years, the HMDA loan-level data made available to the public will not remain static, but will be updated, on an ongoing basis, to reflect late submissions and resubmissions.

Source:  CFPB
CDD rule electronic certification form available  

The Treasury's Financial Crimes Enforcement Network's (FinCEN) customer due diligence (CDD) becomes effective May 11,and FinCEN has made its electronic CDD beneficial owner certification form available.

There is no requirement that covered financial institutions use the certification form. Rather, FinCEN provides the optional form for the convenience of covered financial institutions as one possible method to obtain the required beneficial ownership information.

Financial institutions may choose to comply with the requirements of the CDD rule by using another method, such as through the institutions' own forms, or any other means that comply with the requirements of this obligation.

Financial institutions should make a copy of the certification form and retain it. It should not be sent to FinCEN.

The form is available in PDF and Microsoft Word versions. The Word version should be printed out and completed, while the PDF version can be filled out electronically then printed out.

Additional details on the certification form can be found in Question 8 of FinCEN's  recent FAQ document .

Source: CompBlog
Upcoming Educational Events


August 22-23

September 18-19
 
For a complete listing of educational opportunities available from LCUL and to register, visit the  League website  and click on "Education"
Compliance Lagniappe is bi-monthly newsletter for affiliated credit unions of 
the Louisiana Credit Union League. For more information or for compliance inquires, please contact the League's compliance department at [email protected].