CFPB Announces Final HMDA Rule

The NWCUA and CUNA point out the rule’s detrimental impact—especially on small credit unions—despite certain concessions.

NCUA’s Mestger Supports Supplemental Capital Legislation, RBC Rule Changes

NCUA Director Rick Metsger announced support for Supplemental Capital in an address to Massachusetts credit unions this week. As well, he reiterated regulator plans to significantly review and adjust the proposed risk-based capital rule.

Members Ready for Their Close-Ups? Personalized Cards from CO-OP Make It Easy

Photo-OP debit, credit and ATM cards from CO-OP Financial Services can help credit unions differentiate themselves from competitors and strengthen member loyalty by creating an emotional tie to personalized cards that members use most often.

Washington DFI Accepting Comments on Rule Regulating the Frequency of Board Meetings

As it nears the end of the rulemaking process for director compensation, Washington’s Department of Financial Institutions has begun accepting comments on the next order of business: regulating the frequency of board meetings.

Additional Mortgage-Rule Amendments Expected Soon

The Consumer Financial Protection Bureau is expected to amend its mortgage rules in response to lender concerns. Lenders are expected to support the changes but may have concerns about meeting the implementation deadlines.

CFPB Releases Additional Financial Services Resources for Spanish-Speaking Consumers

The Consumer Financial Protection bureau has released some financial services resources for Spanish-speaking consumers. The user-friendly online resources are available on mobile devices as well.

Strategic Link Question of the Week

Our credit union has been looking at shared branching for more than four years. However, we have been concerned about additional expenses, and our board feels our members would not respond positively to the shared branching transaction experience. Can you help provide some insight on these two issues?

CU PolicyPro, NWCUA Partnership to Expand Compliance Solutions

Through a partnership with CU PolicyPro, expanded around-the-clock compliance resources will roll out Thursday at no additional cost for NWCUA member credit unions. CU PolicyPro offers more than 200 model policies that can be customized to fit each credit union’s needs.

Horizon Completes Successful Merger with Montana First

Spokane-based Horizon Credit Union announced a long-awaited merger with Montana First Credit Union, a $63-million institution based in Missoula, Mont., expanding Horizon’s reach to three states.

FTC Seeks Comments on Additional Proposed Revisions to Children’s Online Privacy Protection Rule

The FTC is publishing a Federal Register notice seeking public comment on proposed modifications to COPPA in an effort to further strengthen protection for internet users 13 years of age and younger.

Horizon to Acquire Montana First CU, Extending Reach to Three States

Horizon Credit Union announced plans to acquire Montana First Credit Union, a $63 million institution based in Missoula, Mont. The deal has already been approved by both boards and is expected to be finalized early next year.

Association Town Hall Series Off to Strong Start; Still Additional Opportunities to Attend Next Week

The Northwest Credit Union Association’s senior management team is on the road for a series of Town Hall Meetings with the CEOs of our member credit unions. The Series is off to a strong start, and participants’ suggestions are already being acted upon.

Advertising Rule Could Have Compliance Consequences

The National Credit Union Administration has proposed changes to advertising requirements that could force some credit unions to reduce or eliminate some of their current marketing practices.