{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Credit Union Regulatory Guidance Including: NCUA, CFPB, FDIC, OCC, FFIEC","title":"Federally Insured Credit Union Use of Distributed Ledger Technologies","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/40d96451\"></iframe>","width":"100%","height":180,"duration":647,"description":"Understanding NCUA's Guidance on Credit Unions and Distributed Ledger Technologies\nThis episode, hosted by Samantha Shares, delves into the NCUA's letter to credit unions (22-07) regarding the use of Distributed Ledger Technologies (DLT). Aimed at federally insured credit unions, the letter highlights how the NCUA supports the adoption of financial technologies that help improve services, while advising credit unions to approach DLT with sound governance and risk management. It clarifies that DLT is not prohibited but must be used in compliance with applicable laws, and stresses the importance of due diligence in evaluating DLT's risks and benefits. This guidance is aimed to aid credit unions in leveraging DLT responsibly and effectively, ensuring they remain competitive and continue to serve their members' needs safely.\n00:00 Welcome and Introduction\n00:49 Overview of NCUA's Letter on DLT Use\n01:22 Key Considerations for Credit Unions Using DLT\n03:31 Governance, Oversight, and Planning for DLT\n04:41 Risk and Risk-Mitigation Strategies\n06:15 Information and Cybersecurity Risks\n06:57 Legal and Compliance Risks\n07:47 Strategic, Reputation, and Liquidity Risks\n08:29 Third-Party Risk Management\n08:52 Conclusion and Final Thoughts","thumbnail_url":"https://img.transistorcdn.com/DblKo84_Ha6-XOQnfj5k1wmxCkQHeB53BeeKc2eI7dM/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzQ4MTk5LzE3MDM4/NTQxOTktYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}