Maintaining Member's Privacy/Social Media/UDAAP
Given to member a time of opening account and annually
What is the Privacy Policy?
Unauthorized electronic funds transfer
What does Regulation E Governs?
Regulation requires federally insured credit unions to establish and maintain appropriate safeguards to protect the financial system from threats to national security
What is Bank Secrecy Act (BSA)?
Kauai/Niihau
What is Membership Eligibility? or Where a person have to live, worship, or work?
Regulations and regulatory implementation process which influences the performance of the financial institutions
What is Financial Regulations?
Forums, Blogs, Podcasts, Social Networks, Dating Sites, Image Sharing, E-books and Online Magazines, Enhanced movie experiences, etc...
What is Social Media?
10 business days
How long do we have to issue a credit for a disputed transaction?
Report filings of cash transactions of more than $10,000
$1
What is the membership fee?
Rules and laws that needs to be followed to protect members, credit unions, citizens, and the government
What is Compliance Regulations?
The Marketing Department is responsible for the proper and timely handling of Facebook and Instagram
What Social Media Platforms the CU maintains a presence on?
60 days
How long does a member have from their last statement to dispute an item?
Name, SSN/EIN/ITIN, identification, Phone number, Email, Address, Occupation, and Date of Birth
What information is needed for the conductor of the cash transaction?
$12.50 (3)
What is an Overdraft/Overdrawn/Return fee?
The United State Department of Treasury (DoT), The Federal Deposit Insurance Corporation (FDIC), The Federal Reserve Board, The Financial Crimes Enforcement Network (FinCEN), The Consumer Financial Protection Bureau (CFPB), and The National Credit Union Adminstration (NCUA)
Who makes the Regulations?
Key roles such as monitoring public and member feedbacks, detecting and taking corrective actions, and identifying the need for training or changes to policy, procedures, or practices
What is consumer complaints?
Cards, Online Banking Passwords, and Mobile Banking Passwords
What are access devices?
Filed whenever there is an activity related to financial crime greater than $5,000 (known suspect) or $25,000 (unknown suspect), back activities which helps law enforcements
What is Suspicious Activity Report (SAR)?
A check that has been presented and negotiated at the CU that has not been honored due to non-sufficient funds, stop payment, closed account, altered/fictitious, irregular or missing signature, etc...
What is a Returned Check Deposit (RCD)?
FDIC, NCUA, and State-Chartered private deposit insurance fund
What are the three regulatory and insurance systems?
The act or practice must cause or be likely to cause substantial injury to consumers in which they are unable to avoid
What is Unfair, Deceptive, or Abusive Acts or Practices (UDAAP)?
Unable to charge a fee for an ATM and one-time debit card transactions unless member opt in
What is the Overdraft Rule?
The act that requires credit unions to take extra security precautions to help the government fight the funding of terrorism and money laundering (CIP/MIP, CDD/EDD, and Beneficial Ownership)
What is the USA Patriot Act?
Rights and responsibilities concerning accounts
What is the Membership and Account Agreement?