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NCUA: Exam Guide to Include MBL, Commercial Lending Guidance

Effective January, the guidance was sought by the CUNA-League system. The significant news for credit unions represents the latest component of the agency’s online Examiner Guide.

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Security: It’s Everyone’s Problem

When we talk about member service, we most often are discussing innovative ways to help our members’ success through services, products, and financial education. However, there are other ways that credit unions deliver excellent member service that aren’t something we normally discuss. One of those ways is member data security.

Compliance Center: Interagency Guidance on Deposit Reconciliation Practices Released

NCUA, along with four other agencies, released the guidance to address discrepancies that may occur with amounts deposited by a member or customer and the dollar amount credited to that account.

Compliance Center: FFIEC Issues IT Examination Appendix for Mobile Financial Services

FFIEC issues a revised Retail Systems Payment booklet; question on ‘positive owner contact’ with dormant accounts and legal briefs.

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.

Compliance Center: HUD Issues Guidance on Multifamily Assisted and Insured Housing Based on Equal Access to Housing Rule

HUD’s guidance aims to avoid discrimination against LGBT Americans; your question answered on NCUA’s record retention regs; plus this week’s legal briefs.

Compliance Center: CFPB Updates Interpretive Rule on Homeownership Counseling

Final rule on homeownership counseling lists; question answered on CIP; plus this week’s legal briefs.

NCUA Proposes Removing Fixed Asset Cap

Proposed rule would remove regulatory cap in favor of supervisory oversight and guidance.

Compliance Center: Federal Regulators Issue Guidance on Youth Savings Programs

NCUA and others encourage youth financial empowerment; your question answered on multi-party checks with one signature; plus this week’s legal briefs.

NCUA Releases 2015 Exam Priorities

Priorities are similar to last year, including cyber security, interest rate risk, and money servicing businesses.

FFIEC Releases 2014 Version of BSA Examination Manual

Updated BSA exam manual released; Which policies need board approval; Plus legal briefs.

OFAC Revised Guidance on Entities Owned by Blocked Persons

Treasury issues new guidance on property owned by “blocked persons”. Also in the Compliance Center: legal briefs and the question of the week.

Regulators Respond to Inslee on Marijuana Banking

Federal Regulators responded to Governor Inslee’s May Letter, saying they are reviewing FinCEN guidance and calling on Congress to provide legislative clarity.

FinCEN: Marijuana Guidance is Working; More Than 100 FIs Serving Pot Industry

More than 100 financial institutions are serving legal marijuana businesses, according to FinCEN. The agency’s director says the guidance FinCEN issued to banks and credit unions in February is working.

NCUA Instructs Examiners to Follow FinCEN Marijuana Guidance

The NCUA is instructing examiners to follow FinCEN guidance related to banking legal marijuana businesses. It’s a move expected to offer some reassurance to credit unions.

Inter-Agency Guidance Issued for HELOCs Nearing the End-of-Draw Periods

Five federal regulatory agencies and the Conference of State Banks Supervisors issued new guidance for HELOCs nearing their end of draw periods. Also in today’s Anthem: Legal Briefs, and the Question of the Week: “Can a credit union sell a reposed vehicle?”

Governor Inslee to Feds: Expedite Better Marijuana Banking Guidance

Washington Governor Jay Inslee is trying to kick-start the banking of legal marijuana businesses. With nearly all Washington credit unions sitting on the sidelines, the governor has reached out to four federal agencies for better guidance.

Federal Guidance ‘Gives Comfort’ that Credit Unions Can Serve Licensed Marijuana Businesses, DFI Says

Guidance issued earlier this year by the Financial Crimes Enforcement Network (FinCEN) does not change federal law when it comes to providing banking services to marijuana businesses, Washington state regulators said Thursday, but “there is a difference between a law and a decision whether to enforce it.” DFI Director Scott Jarvis and Director of Credit Unions Linda Jekel made their comments at the NWCUA’s Leadership Symposium in Portland.