Amendment includes proof of period of military service for purposes of interest rate reduction under the SCRA.
Six regular meetings in a calendar year, with at least one per quarter, are required.
Examiners will continue using streamlined small credit union exam program procedures for those under $50 million in assets.
When the flood insurance program is unavailable, credit unions may continue to make loans subject to the Flood Act without flood insurance.
Accuity has begun sending requests to the financial institution community and volume is soon to increase.
Federally insured credit unions are required to have plans in place to address all types of operational disruptions.
The project is a follow-up to the review of regulations under the Economic Growth and Regulatory Paperwork Reduction Act.
Under the proposal, salary threshold could increase between 2 and 2.5 times the minimum wage starting in 2020.
Feedback meetings to be held throughout the state Nov. 27, 28, and 29.
Credit unions will begin seeing new card design in December.
Defines the inexact term “regular” as it applies to the number of board meeting under the act.
BCFP focusing on a number of HMDA changes and adjusting the timeline for implementing Dodd-Frank Section 1071.
Annual BCFP reviews include Credit Card Act, Dodd-Frank, and Home Ownership and Equity Protection Act.