Also, the latest legal briefs from the federal level and your compliance question of the week, answered.
Insight into the CFPB order for improper debt collection, along with your Compliance question answered, and legal briefs from the federal landscape.
Bulletins include notice on MBL Rulemaking, suspended following the recent ICBA lawsuit filed against the NCUA.
The monthly complaint snapshot highlights consumer complaints about bank accounts and services. Also, legal briefs and compliance questions answered.
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.
Your Association has a bevy of resources to help untangle the compliance burden credit unions face every day.
New statement covers initial information on new FASB accounting standard ASU 2016-13, for estimating allowance for credit losses.
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.
Strategic Link partner CSCU shares how this convenient mobile offering can help your credit union turn potential applicants to new members.
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.
How is “financial exploitation” defined in Washington State?
Findings from recent CFPB examinations; your question answered on verifying names on direct deposit IRS refunds; plus this week’s legal briefs.
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.
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.
Make sure your credit union capitalizes on boost in consumer spending. Harland Clarke offers the keys to loan marketing success.
Get the latest resources for HMDA implementation; your question answered about opening a conservatorship or guardian account; plus this week’s legal briefs.