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Compliance Question of the Week

Do I have to provide a Risk-based Pricing Notice with the pre-approved credit card offers we send out?

The Credit CARD Act Turns One

An analysis from Member Access Pacific claims that while the act has increased transparency for consumers and eliminated unannounced rate hikes and unreasonable overdraft fees, the regulation has been a major burden for credit unions.

WA Real Estate Lenders Must Complete Foreclosure Certificate by Saturday

Credit unions that issued fewer than 250 notices of default in 2010 are exempt from paying a fee, but must certify that they meet the exemption requirement by the due date of May 14.

Free NCUA Webinar on ALLL

Sponsored by NCUA’s Office of Examination and Insurance and the Office of the Chief Economist, the webinar is free and will facilitate credit unions’ understanding of the 2006 Interagency Policy Statement on the topic.

Annaloro, Stang On-Hand to Launch Interchange Ads

The ad, which airs on broadcast and cable stations in the Washington, DC area, talks about the domino effect on consumers from the “$12 billion payday” that law makers gave retailers under the Durbin Amendment.

Oregon Legislative Week in Review

Staff and credit union executives testified in support of the Credit Union Modernization bill for 45 minutes. The next step is a committee vote before the bill goes to the floor.

NCUA Eliminates Wall Street Ratings As Benchmark For CU Investing

The proposal would replace these ratings with either narrative standards or a credit union’s own internal standard.

Compliance Question of the Week

Which logo do I use: equal housing opportunity or equal housing lender?

Multi-Featured, Open-End Lending Support, from CMG

Addressing myths and misunderstandings about the impact of the MFOEL regulation changes, CUNA Mutual provides a best practices worksheet for credit unions.

NCUA Releases 2011 Regulatory Review Targets

Making sure its regulatory catalogue is up to date, the agency reviews rules every three years, and schedules reviews of portions of its regulations on a rotating basis.

Washington Legislative Week in Review

The Legislature is working in a special session to close the budget gap, and Governor Gregoire has yet to sign the Prize-Linked Savings bill.

Oregon Legislative Week in Review

NWCUA’s charter update bill is getting a hearing in the House today, while the Oregon Bankers’ bill to tax credit unions is technically still alive despite not leaving its committee before the deadline.

Compliance Question of the Week

Should representative payees be allowed to negotiate checks made out to the beneficiary of the accounts they oversee?

New ATM Accessibility Standards Set

The Department of Justice instituted new regulations on the accessibility of the input and output controls at the ATM, outlines Member Access Pacific.

Fed Clarifies Portions of New TILA Rules

The clarifications relate to the Fed’s final rule and are intended to help card issuers understand their compliance obligations under changes to Regulation Z.

Legal Briefs

Your update on the regulatory landscape.

The Trust Helps CUs Navigate Healthcare Reform

Though a significant portion of the new healthcare law’s rules have yet to be defined, NW Financial Employees’ Benefit Trust lays out some of the major changes.

Compliance Burden Has Grown by 19,000 Pages since 2009, NWCUA Finds

Since January 2009, thousands of pages of regulations and rules have been issued by various agencies, including the Federal Reserve and NCUA, that credit unions must comply with.