What I Learned at Compliance School

NWCUA Director of Compliance Services David Curtis reflects on his week spent at “The Happiest Place on Earth” for Compliance School. Did you know remittance transfer disclosures must be in at least 8-point font?

Legal Briefs

Your weekly update on the regulatory landscape.

LSC Prepaid Program Announces Enhancements and Procedure Changes

Strategic Link Strategic Partner LSC encourages all credit union staff that order, issue or fund prepaid cards to attend a webinar outlining changes to LSC’s programs that will take effect Oct. 3.

NCUA Gives Notice of Changes to the Examination of Small Credit Unions

Under the NCUA’s new Small Credit Union Examination Program, small credit unions that are financially and operationally sound will have shorter examinations and more concise reports, a move intended to align resources more closely with risks.

Legal Briefs

Your weekly update on the regulatory landscape.

Free Webinar to Explain CU Online Upgrade

The National Credit Union Administration (NCUA) is hosting an interactive webinar to help credit unions learn more about the upgraded version of CU Online.

How Has the CFPB Impacted Credit Unions?

Hal Scoggins, featured presenter at the NWCUA’s upcoming Legal Update Seminar, discusses the main ways the CFPB has impacted credit unions and gives a glimpse at what’s to come as the bureau continues to expand its authority.

Oregon DMV to Increase License Plate Fee

The Oregon DMV will begin collecting $24 per pair of license plates issued on April 1, 2012.

Mindset Shifts That Have Helped Credit Unions Thrive

John Myers of c. myers will be leading Asset Liability Management trainings in Oregon and Washington in March. He writes here about philosophies and priorities that can help credit unions flourish in a competitive marketplace.

CFPB Unveils Sample Credit Card Disclosures

The Consumer Financial Protection Bureau (CFPB) has begun another stage of its “Know Before You Owe” project, unveiling a two-page credit card disclosure that clearly lays out the key terms that consumers need to know.

NCUA Share Insurance Advertising Changes Required by Jan. 1

The NCUA revised advertising regulations earlier this year, now requiring radio and television ads to include a reference to NCUSIF coverage. Credit unions may choose one of three methods to provide the NCUA’s official advertising statement.

A Review of Compliance Changes to Human Resources

This review of compliance changes effecting human resources outlines changes on the national front, including the new VOW to Hire Heroes Act of 2011, as well as modifications to Oregon’s garnishment rules and handling of jury duty.

Regulatory Advocacy Update

The NWCUA’s Regulatory Advocacy team works with state and federal regulators to help reduce the regulatory burden on credit unions and protect the credit union movement. Included here are updates from the NCUA and the CFPB.

Administration Enhances Foreclosure-Help Program

The Federal Housing Finance Agency announced changes to the Home Affordable Refinance Program to attract more underwater borrowers who could benefit from refinancing their home mortgages.

NCUA Guidance Helps with Savings Bond Changes

The NCUA has issued a letter to credit unions to provide guidance in answering members’ questions related to the upcoming changes to the U.S. Savings Bond program.

Equity Ratio, Net Worth Changes Passed by NCUA

Changes in NCUSIF definitions of equity ratio and credit union net worth were unanimously approved by the NCUA board on Sept. 22.

Legal Briefs

Your update on the regulatory landscape.

Compliance Question of the Week

What is considered positive owner contact that would prevent an account from going dormant?