Fed Invites Comment on Two Bankruptcy-Related Studies That It Will Conduct

The Fed is seeking public comment on how to address the specific issues that it is required to study, as well as any research or empirical data that it should take into account.

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.

Sony Latest to be Hit by Data Breach

With up to 70 million customers’ data compromised, criminals could use the data—possibly including credit card information—to access email and online bank account.

Association Announces New Awards Program

The new program, which includes annual awards for lifetime contributions to the credit union movement, social responsibility and excellence in advocacy, will be presented at the Annual Convention.

Networking Event Will Launch 2011 Convention

The session, led by Tina K. Hall, will promote best practices and resource sharing. Register early now.

Horizon’s Allison Takes ‘Biz Kid$’ into the Classroom

The classroom was set up to look like a movie theater for students to watch episodes of the hit PBS show, which introduces kids to basic money management and entrepreneurial skills.

Member & Chapter News

Kitsap CU elects a new board chair, plus an Oregon chapter meeting announcement.

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.

Federal Legislative Week in Review

With Congress in recess, take the opportunity to see your legislators in person and remind them of the need to stop, study, and start over with interchange regulations.