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Compliance Center: Regulators Release Interagency FAQ on CECL

Also, does a skip payment on a closed-end loan require subsequent disclosure?

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One Hour Could Help Mitigate Your CU’s Exposure to Cybersecurity Risk

An upcoming webinar and Your Association’s Cybersecurity Resource Center convene guidance, resources, and best practices all in one spot.

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Regulators Release Fall 2016 Update to Rulemaking Agenda

Under the Regulatory Flexibility Act, federal agencies are required to publish their rulemaking agenda twice a year.

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WA DCU Issues Bulletin Regarding Website Compliance Exams

Also, this week’s legal briefs from around the Federal landscape, and your compliance question answered.

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U.S. District Court Blocks DOL’s Overtime Rule Nationwide

The preliminary injunction blocks the implementation of the Department of Labor’s (DOL) new overtime rules which would have gone into effect on December 1.

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WA DFI Announces Important Procedural Change

The change will affect credit unions’ OSOS public web searches, or copies of OSOS filed documents.

Action Request: Comments Needed for Second FOM Proposal

NCUA recently published a second field of membership proposal, with comments due December 9.

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FinCEN Releases Cyber-Event Advisory and FAQ

The document shares more on how financial institutions have become attractive targets to criminals.

NCUA Budget Briefing Shows Both Progress, Areas for Improvement

The public review preceded a Board vote on the agency’s two-year budget, scheduled for Nov. 17. Public comment may be submitted until Nov. 4.

NWCUA’s Stang Sees 75% Market Share by 2025

Troy Stang, President & CEO of the Northwest Credit Union Association (NWCUA) shared his strategic vision for “2017 and Beyond” with hundreds of movement leaders who attended the annual MAXX Convention in SeaTac, Washington last week.

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Compliance Center: CFPB’s Navy Federal Credit Union Consent Order

Insight into the CFPB order for improper debt collection, along with your Compliance question answered, and legal briefs from the federal landscape.

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Washington State DFI Releases 3 DCU Bulletins Affecting State Chartered CUs

Bulletins include notice on MBL Rulemaking, suspended following the recent ICBA lawsuit filed against the NCUA.

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Just Before Election Heads Into Final Stretch, Northwest CU Leaders Hike the Hill in DC

Credit union advocates from Oregon and Washington visited legislators from both states to share the Credit Union Difference and stances on critical issues affecting their members.

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NCUA Releases Diversity & Inclusion Checklist

FFIEC has also released a revised information security booklet. Plus, the latest Legal Briefs and your compliance question of the week.

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CUNA, NWCUA Back NCUA MBL Rule in Wake of ICBA Lawsuit

Called a “publicity stunt” by CUNA CEO Jim Nussle, the lawsuit was filed Wednesday by the Independent Community Bankers of America challenging the NCUA’s revised MBL rule.

NCUA Hosting Community Development Financial Institutions Certification Webinar

The agency has partnered with the CDFI Fund in an effort to double the number of certified credit unions by year-end.

Compliance Center: Northwest Security Conference Wrap

Wrap up from the recent security conference at Skamania Lodge, which urged the widespread usage of security tools.

CO-OPatopia to Celebrate Fourth Year This Saturday in Olympia

CO-OPatopia celebrates the cooperative business model and its place in the local economy while encouraging greater cooperation among those businesses. The fourth annual celebration takes place this weekend.