Every month, Ncontracts compliance experts provide an overview and analysis of the latest regulatory updates to help you keep up with the rapidly evolving nature of the industry. In this episode, Stephanie Lyon, VP of Compliance, is joined by compliance experts Katie Ferrell and Shelby Montgomery to discuss regulatory changes that occurred in the month of October 2021 and what they mean for your financial institution.
Hey, it's Aileen! Just had the most mind-blowing episode on "The Ncast" – you won't believe the regulatory updates Shelby Montgomery and Katie Ferrell spilled. Seriously, you gotta hear this.
First up, these cybersecurity whizzes dished on how cyber crooks are targeting cloud-based emails. It's nuts! They broke down these business email compromise scams and how you can safeguard your credit union. Trust me, it's eye-opening stuff.
And wait for it – ransomware attacks are skyrocketing. Shelby and Katie gave the lowdown on how they're pulling it off and the steps to shield your financial institution from their grip. Mind = blown.
Now, hold onto your hats, 'cause lending's getting a makeover! The rules for credit union service organizations (CUSOs) are changing, and Katie dropped all the deets. Think small dollar loans, auto loans – they're shaking up the game.
Oh, and remember LIBOR? Yeah, it's making an exit. Shelby's got the scoop on how this shift is hitting the industry and what steps institutions gotta take for a smooth transition.
Seriously, this episode is a goldmine of insights. So, if you wanna stay ahead of the game and ace your compliance game, hit that subscribe button on your fave podcast platform. "The Ncast" monthly regulatory brief is where it's at – catch you there!