No Late Filing Fines for Northwest Credit Unions

Thirty-one credit unions agree to late filing fines nationally, but none in the Northwest.

Late Call Reports Decline, But Fines Forthcoming

The NCUA reported Monday that 75 credit unions were late in filing their call reports. NWCUA members who filed late with good reason are encouraged to contact the Association.

62 Credit Unions Agree to Late-Filing Penalties

Three Northwest credit unions are among 62 that agreed to pay penalties for filing late Call Reports, the NCUA reports.

NCUA Fines Five Northwest Credit Unions for Late Call Reports; NWCUA Urges Regulator to Improve its Filing System

The NCUA made good on its threat to fine credit unions for filing late Q1 call reports. Five Northwest credit unions are among those being hit with financial penalties.

Compliance Corner: HUD Updates Foreclosure Brochure

All FHA-approved mortgage lenders are now required to use a new foreclosure brochure from the Department of Housing and Urban Development, and HUD has released a letter announcing the update and reviewing its proper use. Also in today’s Anthem: Legal Briefs, and the Question of the Week: “If a membership was opened that lacks the necessary information, do we have to go through the expulsion process to close the membership?”

NCUA Plan to Levy Fines for Late Call Reports ‘Excessive,’ NWCUA’s Stang Says

Plans by the National Credit Union Administration to levy fines against credit unions that miss quarterly filing deadlines for their 5300 Call Reports drew immediate reactions from national and regional executives Thursday, with NWCUA President/CEO Troy Stang calling the move “excessive.”

Final Credit Card Act Rules Released

Late Tuesday morning, June 15, the Federal Reserve Board published the final rules implementing the third (and last) phase of the Credit CARD Act. The rules are effective on August 22, 2010.