Advocacy News
Two Upcoming Labor Rule Compliance Dates That CUs Should Keep in Mind
Also, the latest legal briefs from the federal level and your compliance question of the week, answered.
Anthem
Compliance Center: CFPB, NCUA Publish Rulemaking Agenda Updates
CFPB and NCUA officials have announced semi-annual rulemaking agenda updates.
Compliance Center: DOL Releases Final Fiduciary Rule Amendments
The Department of Labor (DOL) recently released the Final Rule defining the circumstances in which a person who provides investment advice in connection with a retirement plan or individual retirement arrangement (IRA) acts as a fiduciary under the Employee Income Security Act (ERISA).
Compliance Center: CFPB Issues Interim Final Rule on Operations in Rural Areas Under Regulation Z
The Consumer Financial Protection Bureau (CFPB) issued an Interim Final Rule that broadens the availability of certain provisions for small creditors that operate in rural or underserved areas. The new rule, which takes effect on March 31, 2016. Read today’s Compliance update to find out more.
Compliance Center: NCUA Issues Guidance on Military Lending Act Changes
How to keep your credit union compliant with recent Department of Defense updates; your question answered about the act’s effect on auto refinancing coverage; plus this week’s legal briefs.
Final Member Business Lending Rule Ushers in a ‘New Era’
The National Credit Union Administration has approved a modernized Member Business Lending rule giving federally insured credit unions greater flexibility.
Compliance Center: Regulators Release Updates to Unified Agendas
Get details on the updated Unified Agendas of the CFPB, NCUA, and other federal regulatory agencies; your question answered about Reg E claims where no error occurred; plus this week’s legal briefs.
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 Approves Risk-Based Capital Rule
Inclusion of secondary capital in RBC ratio is a big win for Northwest credit unions, but the rule remains “a solution in search of a problem” says Nussle.
NCUA to Discuss RBC2 Final Rule at October 15 Meeting
A vote on the final version of the National Credit Union Administration’s revised risk-based capital proposal is on the agenda for the agency’s October 15 meeting.
CO-OP’s THINK 15 Conference Raises $100,000 for Children’s Hospitals
Transaction Network Services donated $77,500 to push the four-day event’s fundraising total into six figures.
NCUA Approves Field of Membership Changes and More
The NCUA Board approved five items at Thursday’s board meeting, including a final rule expanding automatic approval for associational groups’ membership in federal credit unions.
Compliance Center: Cybersecurity and TILA-RESPA Webinars Coming Up
Register for important webinars; your question answered about guardian’s access to ward’s safe deposit box; plus legal briefs.
Sound Credit Union and Darigold Federal Credit Union Complete Merger
Year-long merger completes final step with DFCU accounts and services integrated into Sound.
Matz Confident NCUA Will Produce a “Sensible” RBC Rule
With the last of the NCUA’s three listening sessions complete, the regulator moves into the next phase of finalizing the risk-based capital rule.
Final Regulations Released on Affordable Care Act’s 90-Day Waiting Period
Is your credit union in compliance with the Affordable Care Act’s final requirements for a 90-day waiting period, which were released Feb. 20? Brown & Brown of Washington, which manages The Trust, explains the regulations.
Oregon Legislative Update: Short Session Could Wrap Up This Week
Key issues remain on the agenda as the Oregon Legislature nears the end of a short session, but one bill of interest to credit unions — dealing with possessory liens — has already passed both the House and Senate.
Compliance Center: NCUA Issues Final Rule on Derivatives to Mitigate Interest Rate Risk
The National Credit Union Administration board has adopted the final rule to give federal credit unions limited authority to use derivatives to mitigate interest rate risk. Also in today’s Anthem: Legal Briefs and the Question of the Week: What happens to a guardianship when the incapacitated person passes?