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Two Upcoming Labor Rule Compliance Dates That CUs Should Keep in Mind

Also, the latest legal briefs from the federal level and your compliance question of the week, answered.

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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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CFPB August Complaint Report Shines Spotlight on Bank Account Dissatisfaction

The monthly complaint snapshot highlights consumer complaints about bank accounts and services. Also, legal briefs and compliance questions answered.

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Compliance Center: CFPB Releases Proposed Amendment to the Annual Privacy Notice Requirement Under GLB Act

The proposal follows part of the Fixing America’s Surface Transportation Act (FAST Act) last December.

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Compliance Center: Compliance is a Burden. We Can Help.

Your Association has a bevy of resources to help untangle the compliance burden credit unions face every day.

Compliance Center: Federal Regulators Issue Joint Statement on the New CECL Accounting Standard

New statement covers initial information on new FASB accounting standard ASU 2016-13, for estimating allowance for credit losses.

Compliance Center: Interagency Guidance on Deposit Reconciliation Practices Released

NCUA, along with four other agencies, released the guidance to address discrepancies that may occur with amounts deposited by a member or customer and the dollar amount credited to that account.

Attracting New Members: Why Credit Unions Should Offer Mobile Account Opening

Strategic Link partner CSCU shares how this convenient mobile offering can help your credit union turn potential applicants to new members.

Compliance Center: Small Business Health Care Tax Credit Filing Deadline is May 15

The filing deadline to claim the Small Business Health Care Tax Credit for the 2015 tax year is coming up on May 15, which could lead to big savings for eligible small credit unions. Plus your question on the CFPB’s credit card agreement submission expiration, and this week’s legal briefs.

Washington State Legislature Adjourns Sine Die after Passing Supplemental Budget and Overriding Governor’s Vetoes

The Washington State Legislature adjourned sine die after passing a supplemental operating budget with bipartisan support in both chambers. The supplemental budget, which makes midcourse adjustments to the two-year 2015-17 budget, will run through June 2017.

Compliance Center: CFPB’s Advisory on Preventing Elder Financial Exploitation

How is “financial exploitation” defined in Washington State?

Compliance Center: CFPB Releases Winter Supervisory Highlights

Findings from recent CFPB examinations; your question answered on verifying names on direct deposit IRS refunds; plus this week’s legal briefs.

Compliance Center: CFPB Issues Bulletin on Reporting Negative Account Histories

The CFPB warns financial institutions about misreporting account information to credit reporting companies; your question answered about FCRA requirements for credit reporting; plus this week’s legal briefs.

Compliance Center: Members Wanting to Open Accounts Without Providing Any Taxpayer Identification Number

Setting the record straight on identification required to open accounts; your question answered about identifying non-U.S. persons under CIP; plus this week’s legal briefs.

Public Funds, Payroll Card Legislation on Washington Credit Unions’ Priority List

As the Washington State Legislature rolls into its third week, credit unions’ policy advancement strategy is firmly focused on legislation concerning public fund deposits and payroll cards.

Rising Consumer Confidence Raises Spending, Auto Lending

Make sure your credit union capitalizes on boost in consumer spending. Harland Clarke offers the keys to loan marketing success.

Compliance Center: CFPB Releases Additional Resources to Help With HMDA Rule Changes

Get the latest resources for HMDA implementation; your question answered about opening a conservatorship or guardian account; plus this week’s legal briefs.