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FinCEN Releases Cyber-Event Advisory and FAQ

The document shares more on how financial institutions have become attractive targets to criminals.

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.

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

How is “financial exploitation” defined in Washington State?

Foster-Keddie Assumes Chairmanship of CFPB Credit Union Advisory Council

The Council was created to give the CFPB direct feedback from credit unions on the impact of regulation on credit unions’ daily operations.

Compliance Center: FinCEN Issues Guidance on Human Smuggling and Human Trafficking

FinCEN issues guidance on recognizing human trafficking; tools for detecting representative payee fraud; and this week’s legal briefs.

Compliance Center: FinCEN Advisory on Promoting a Culture of BSA/AML Compliance

FinCEN recently issued an advisory to financial institutions, laying out guidelines that can help foster a strong culture of BSA/AML compliance. Also in the Compliance Center: legal briefs and the question of the week.

CFPB Issues Consumer Advisory Regarding Student Loan Servicing

The Consumer Financial Protection Bureau is urging consumers to tell student-loan lenders and servicers how to apply additional payments to their loans so that they can save money and pay down debt more efficiently.

Barron’s Again Recognizes Gary Tantleff Among Nation’s Top Financial Advisors

Gary Tantleff, managing director of investments for the Credit Union Advisory Group (CUAG) at UBS Financial Services, was recognized for the third time this year as one of Barron’s “Top 1000 Financial Advisors,” and for the first time ever, he was named the top financial advisor in the state of New Jersey.

NWCUA Regulatory Advocacy Update: Advisory Opinion on BOLI Expected from Washington DFI

The weekly Regulatory Advocacy Update outlines the NWCUA’s efforts to reduce the regulatory burden on credit unions and protect the larger movement. Included here is an update on Washington DFI’s stance on bank-owned life insurance.

CFPB Credit Union Advisory Council Holds First Meeting

Members of the CFPB’s CUAC told CUNA staff they planned to note the issues regulatory burdens can create for credit unions in their discussions with the agency. WSECU CEO Kevin Foster-Keddie is among the council’s 15 members.

NWCUA Regulatory Advocacy Update: WSECU’s Foster-Keddie Among Three from Northwest Appointed to CFPB Councils

The weekly Regulatory Advocacy Update outlines the NWCUA’s efforts to reduce the regulatory burden on credit unions and protect the larger movement. Included here is an update on Kevin Foster-Keddie’s appointment to the CFPB’s Credit Union Advisory Council.

Washington Legislative Update: State Bank Tax Exemption to Appear On November Ballot

Provisions of two bills passed this year by the Washington State Legislature are the first to trigger non-binding advisory votes based on Initiative 960, which requires taxes approved by the Legislature to appear on the ballot.

Credit Unions Set $50,000 Fundraising Goal for Seattle Children’s Hospital

Representatives from 18 credit unions convened at Seattle Children’s Hospital Monday as the Credit Unions for Kids Ambassador Advisory Group unveiled an ambitious new fundraising goal: $50,000 by year’s end in support of Seattle Children’s.

Federal Home Loan Bank Seeks Advocate for Affordable Housing Advisory Council

Credit unions partnered with nonprofit organizations promoting low and moderate income housing, have an opportunity to nominate advocates to a Federal Home Loan Bank Advisory Council. Nominations are being accepted for a three-year term beginning in early 2013.

Calling All Washington Credit Unions: Join the 2012 Credit Unions for Kids Fundraising Kick-Off

The newly formed Ambassador Advisory Group is working to continue to build support for Credit Unions for Kids in the Northwest and is inviting every single Seattle-area credit union to a kick-off luncheon on June 11 at Seattle Children’s Hospital.

UBS’s Tantleff Further Recognized as Leading Industry Professional

Gary Tantleff, managing director of investments for the Credit Union Advisory Group (CUAG) at UBS Financial Services, a Strategic Link gold business partner, was named on Barron’s list of the Top 100 Financial Advisors.

Credit Unions for Kids Charts Sustainable Course

Credit Unions for Kids leadership is working to continue expanding its scope and effectiveness, looking to engage a growing number of credit union professionals as ambassadors on localized boards.

Legal Briefs

Your weekly update on the regulatory landscape.