The state Department of Financial Services issued an alert to its regulated institutions, including state-chartered credit unions, warning about the increased likelihood of cyberattacks originating in Iran. The letter was issued after the Iranian government vowed to retaliate for the death of Qassem Soleimani, a senior official in the Iranian military who was killed in a U.S. airstrike Friday.
Continue reading “DFS alert warns CUs, financial institutions of increased Iranian cyberthreats”
A divided NCUA board of directors yesterday voted to approve the agency’s risk-based capital delay. The final rule delay’s the agency’s risk-based capital requirements until 2022.
Continue reading “NCUA board votes to delay risk-based capital rule, approves 2020-2021 budget”
The NCUA board of directors will hold their monthly meeting next Thursday, Dec. 12. During the meeting, the board will vote on a final risk-based capital rule, which could delay the agency’s risk-based capital requirements until 2022.
Continue reading “NCUA board likely to finalize RBC delay at upcoming board meeting”
The NCUA joined other federal financial regulators in issuing a statement on the use of alternative data in underwriting by credit unions, banks and non-bank financial firms.
