Compliance Review of Healthcare Benefits in Order Following Supreme Court Decision

Credit unions should perform compliance reviews following the Supreme Court ruling mostly upholding the Affordable Health Care Act. Provisions already implemented will remain in effect, and now is the time to prepare for the pending requirements.

Supreme Court Ruling Creates Concerns, Opportunities for Credit Unions

The Supreme Court ruling mostly upholding the Affordable Health Care Act gives credit unions reasons to address compliance concerns for their coverage.

Serial Suit Filer Strikes Pennsylvania Credit Union with ADA Violation

Taking advantage of new laws trying to keep up with rapidly changing technology, one person in Pennsylvania is repeatedly filing claims against financial institutions over Title III violations. On May 9 he struck $128 million Century Heritage FCU.

CFPB Seeks Public Comment on Amendment to Credit Card Act Rule

The CFPB is seeking public comment on a proposal to revise a 2011 rule that the Federal Reserve Board had issued on credit card fees in response to a federal court ruling that had granted a preliminary injunction to block the rule from taking effect.

Corvallis’ OSU Wins Desjardins Financial Awards for Youth and Adult Literacy

OSU FCU celebrated winning two prestigious Desjardins Financial Education Awards in a special ceremony today. The Corvallis credit union partnered with the school district to teach “real-life” financial skills to high school students and also worked to improve the financial skills of people in the court system.

A Sit-Down with the CEO: John Annaloro Discusses the History Behind the MBL Cap

With a House subcommittee hearing scheduled for Wednesday on the subject, Anthem asked CEO John Annaloro about the history of credit union business lending and about how the MBL cap came into being.

Federal Appeals Court Decision Could Delay the Implementation of Several Dodd-Frank Wall Street Reform and Consumer Protection Act Regulations

An improperly conducted cost-benefit analysis could delay the implementation of several regulations.

WesCorp’s Top Guns to Face Trial in Suit Brought by Regulator

A federal court ruling dismisses negligence charges against directors of WesCorp but key executives still face trail in a civil suit claiming their actions caused the huge corporate to fail.

Supreme Court to Look at RESPA Case

The case has significant implications for credit unions as it will consider if a consumer can sue in federal court when there is no evidence of actual injury.

Compliance Question of the Week

Is a garnishment order written by an attorney subject to the new rules regarding protecting Federal Benefits Payments from garnishment?

Treasury Says New Garnishment Rule Applies Only To Court Orders

CUs must review accounts for Federal Benefit Funds only upon receipt of a garnishment order, but there is some confusion in the rule’s definitions.

CUNA Regulatory Advocacy Update

CUNA continues to press the Fed on interchange, and has concerns about the NCUA’s budget and its consistency in examinations.

CUNA Regulatory Advocacy Report

The most recent update from CUNA on Regulatory Advocacy activities.

Stay Lifted from Loan Originator Compensation Rules

A U.S. Court of Appeals lifted a stay on the implementation of the Federal Reserve’s Regulation Z Loan Originator Compensation final rule, meaning the new rule will come into effect today.

IRS Pays Up After UBIT Smackdown

Members and employees of the Colorado based Bellco Credit Union are all smiles this week after the credit union received three IRS checks totaling over $291,000 as the result of the favorable outcome of their legal challenge to UBIT.