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.

NWCUA Seeks Interim Director for District 7 Board Seat

The NWCUA is seeking nominations for an interim director to fill the District 7 board seat vacated by the resignation of Prevail’s Tom Graves. Nominations are due by Dec. 28, 2012.

NCUA Sets Reduced 2013 TCCUSF Budget at Year’s Final Open Board Meeting

At its final open meeting of the year, the NCUA board of directors approved the 2013 TCCUSF oversight budget, approved two credit unions’ requests to convert to community charters and adopted two final rules.

Legal Briefs

Your weekly update on the regulatory landscape.

Oregon Legislature Meets for Interim Hearings, Announces House Leadership Changes

This Oregon legislative update explains the interim hearings held last week by the Oregon Legislature. With a focus on legislation geared toward job creation and small-business support, the legislature also announced a number of changes to House leadership.

Oregon Political Update

Oregon legislative committee appointments resulted in some changes on committees credit unions follow.

Legal Briefs

Your update on the regulatory landscape.

IRS Issues Interim Guidance on Informational Reporting of Employer-Sponsored Health Coverage

The IRS emphasizes that this new reporting to employees is for their information only, and does not cause excludable employer-provided health coverage to become taxable.

Legal Briefs April 7, 2011

Your update of the regulatory landscape.

Treasury Releases Interim Final Rule Changing Garnishment Procedures

Late last week the Treasury released its interim final rule that will make radical changes to your credit union’s garnishment proceedings. This rule applies unless the garnishor is the Federal government or a State child protection agency.

Legal Briefs August 16, 2010

Your update of the regulatory landscape.