Compliance & Regulatory Updates: May 28, 2024

NCUA May Board Meeting: On May 22, the National Credit Union Administration (NCUA) Board met to discuss the performance of the National Credit Union Share Insurance Fund (NCUSIF) projected equity ratio and its consent to a voluntary regulatory review to identify rules which may be outdated, unnecessary, or unduly burdensome on federally insured credit unions. 

​FedNow Fraud Reporting: The FedNow Service is a new instant payment infrastructure developed by the Federal Reserve that allows financial institutions of every size across the U.S. to provide safe and efficient instant payment services.

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