Compliance Center: CFPB Releases Updated Regulation Z Thresholds

Get the new Reg Z thresholds; your question answered about which loans are exempt from TILA/RESPA rule; plus this week’s legal briefs.

Oregon Community Earns $20k From Sprint Program, Donates Entire Amount to Credit Unions for Kids

Northwest credit unions earned over $200k from the program in 2014. Jones and Oregon Community see it as an easy way to raise Credit Unions for Kids funds.

Compliance Question of the Week

Can we require a borrower to triple the amount of money that goes into their escrow account?

NCUA Releases Final Rule on Federally Insured Credit Union CUSOs

The National Credit Union Administration (NCUA) released its final rule addressing CUSO supervision during its board meeting in Washington, D.C., last week.

Compliance Question of the Week

What does compliance with the Servicemember’s Civil Relief Act mean to credit unions in terms of how they apply the mandated rate reductions to loans?

NCUA Approves Loan Participation Rule

The NCUA approved the Final Rule on Loan Participations during its board meeting Thursday. The NWCUA compliance team breaks down new details on the rule.

Compliance Question of the Week

Today’s Compliance Question of the Week asks whether credit unions can break share certificates to address an IRS levy.

Mortgage Insurance Premium Deduction Extended Through 2013

Due to the American Taxpayer Relief Act of 2012, the mortgage insurance premium deduction has been reinstated, meaning members may deduct premiums for mortgage insurance from their taxes for the tax years 2012 and 2013.

Compliance Question of the Week

What are permissible investments for my credit union?

NCUA Q1 Data Shows Northwest Consumers, Businesses Continuing to Flock to Safety of Credit Unions

Northwest credit union membership continued to grow in the first quarter of 2012, according to NCUA reports, and MBLs in the region increased by more than $44 million compared to the same period in 2011.

With ATM Fee Lawsuits on the Rise, Is Your Credit Union Protected?

Credit unions that charge a fee for non-member ATM use must post a sign warning consumers of the fee and must meet certain other benchmarks to ensure compliance with Regulation E.

Another Wave of ATM Fee Lawsuits Hitting Credit Unions

NWCUA business partner CUNA Mutual Group provides tips for credit unions to avoid costly fees and fines in their ATM programs.

Reduce Uninsured Losses by Differentiating ‘Pure Risk’ from ‘Uninsurable Risk’

It can be difficult understanding which types of loss your credit union’s fidelity bond does and does not cover. A legal and risk-management concept that can help clarify this is “pure risk” versus “uninsurable risk.”

Corporate Corner: Assessments for the Stabilization Fund

Corporate Corner is a series of articles that will examine various aspects of the corporate credit union crisis and the NCUA’s plans to resolve the issue and stabilize the industry.