CUNA Mutual Hosting Webinar on Proposed Qualified Residential Mortgage Rules

The webinar will feature representatives from the Credit Union National Association, PricewaterhouseCoopers, and CMG Mortgage Insurance Company, and will encourage comment by the August 1 deadline.

Risk Based Pricing and Adverse Action Notice Changes Finalized

The Fed and FTC on Wednesday issued final rules to implement the credit score disclosure requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act. If a credit score is used in setting material terms of credit or in taking adverse action, the statute requires creditors to disclose certain information to consumers.

Convention Speaker to Highlight Credit Unions’ ‘Extraordinary Opportunity’ to Win

Survival in the fast-moving internet and technology age is dependent on two factors: trust and community. Salim Ismail believes credit unions have both and can leverage technology to win the street fight with big banks.

Oregon’s Providence FCU Earns Two Awards

While it’s president and CEO was earning a volunteerism award, Providence FCU is named one of Oregon’s best 100 green companies to work for.

WCUF Scholarship Application Deadline Friday, July 15

Applications are due in two weeks for Cycle 2 events occurring from August 1 through December 31, 2011.

NCUA Takes Next Step on Corporate Prepayment Plan, Schedules Free Webinar

The plan adopted would allow credit unions a choice to prepay some their Corporate Stabilization Fund assessment. A free webinar explaining the plan is scheduled for July 11.

Legal Briefs

Your update on the regulatory landscape.

Brown & Brown: Proactive Approach Essential to Avoid Loss of Top Talent

As the job market recovers, many employees are considering making a job change and employers are becoming worried about retaining top talent.

Congress Returns to Work, Faces Difficult Decisions

The House and Senate return are in session this week to deal with the debt ceiling after the White House warned that failure to act on the issue before the government could default on its debt payments.

FFIEC Releases Supplemental Guidance on Internet Banking Authentication

The FFIEC issued a supplement to the Authentication in an Internet Banking Environment guidance to reinforce the risk-management framework and update the FFIEC member agencies’ supervisory expectations.

NWCUA Announces Town-Hall Schedule

This year’s road show will outline a redistricting plan, highlight various Association achievements, and address membership concerns.

Washington Legislature Schedules Fall Special Elections

Spokane and Vancouver will see special elections to permanently fill seats left by former senator Bob McCaslin and former Representative Jim Jacks.

Compliance Question of the Week

What is the difference between the FACT Act rules for risk based pricing notices published by the Federal Reserve board (12 CFR 222) and those by the Federal Trade Commission (16 CFR 640)?