Compliance Question of the Week

When do I need to notify members about the change in next-day availability of funds that has increased because of Dodd-Frank?

CUNA Regulatory Advocacy Report

The latest news about the Credit Union National Association’s regulatory advocacy efforts.

Compliance Question of the Week

How long does a stop payment order remain in effect?

The Fed Proposes Amendments to Regulation CC Regarding Collection of Checks and Availability of Funds

The Federal Reserve Board requested public comment on proposed amendments to Regulation CC to encourage banks to clear and return checks electronically, add provisions that govern electronic items cleared through the check-collection system, and shorten the “exception” hold periods on deposited funds.

White Paper Outlines Critical Expectations for Next-Generation Branch Managers

‘The Credit Union Branch Manager: A New Leader for a New Era,’ is a CUNA whitepaper that offers insight on the key forces that are changing the role of the branch manager and how credit unions should respond.

Rulemaking on Credit Protection Products Suspended

The Federal Reserve Board announced Tuesday that it was suspending rulemaking on the matter of its proposed disclosures required for credit insurance and debt cancellation products under Reg.

Credit Unions Urge Congress to Stop, Study, Start Over on Interchange

Credit unions today urged Congress to halt the progress of the Federal Reserve’s interchange proposal and study the impact that interchange changes would have on financial institutions and consumers alike before the interchange rulemaking process can continue.

NWCUA Federal Legislative Week in Review

Two-hundred Northwest credit union participants joined more than 4,000 other credit union leaders in Washington, D.C., last week for another successful Governmental Affairs Conference.

Fed Issues Clarifications to Reg Z Provisions that Apply to Open-end Credit Plans, Including Credit Cards

The Federal Reserve Board approved a rule amending Regulation Z (Truth in Lending) to clarify aspects of the Credit Card Accountability Responsibility and Disclosure Act of 2009 (Credit Card Act).

Washington Legislative Week in Review

The latest news about NWCUA efforts int eh Washington State Legislature

New NCUA Office Means Compliance Change for Federal Credit Unions

The NCUA’s new Office of Consumer Protection became effective on february 1. In addition to its obvious consumer protection role, one division of the new office will be responsible for consumer compliance policy, program and rulemaking, fair lending examinations, financial literacy programs and more.

Social Security Administration to Change How Social Security Numbers are Assigned

In a move called ‘randomization’ the Social Security Administration will change the way Social Security Numbers are issued.

Industry Continues to Press for Change on New Regulations

With credit unions and banks aligned in their efforts to convince regulators and lawmakers to delay implementation of restrictions
on debit card interchange fees, the Federal Reserve Board has stated that any attempt to amend or delay the controversial rule is out of its hands and must start with Congress.