Compliance
WA DFI Announces Important Procedural Change
The change will affect credit unions’ OSOS public web searches, or copies of OSOS filed documents.
Anthem
Advocacy News
CFPB Releases Bulletin and Policy Guidance on Service Providers
Also: Do registered MLOs have to renew their registration this year?
Compliance
CFPB August Complaint Report Shines Spotlight on Bank Account Dissatisfaction
The monthly complaint snapshot highlights consumer complaints about bank accounts and services. Also, legal briefs and compliance questions answered.
Compliance
DCU Going to Electronic Consumer Complaint Communication
Starting in October, the Washington Dept. of Financial Institutions, Division of Credit Unions, will notify the credit union of the filed complaint through encrypted email with a read receipt upon delivery.
Compliance
Compliance Center: CFPB Releases Proposed Amendment to the Annual Privacy Notice Requirement Under GLB Act
The proposal follows part of the Fixing America’s Surface Transportation Act (FAST Act) last December.
Compliance Center: Northwest Security Conference Wrap
Wrap up from the recent security conference at Skamania Lodge, which urged the widespread usage of security tools.
DCU Bulletin on Risk-Based Pricing Notices and Indirect Automobile Lending
WA DFI releases guidance on indirect lending for state-chartered credit unions; your question answered on Equal Opportunity Notice signage; plus this week’s legal briefs.
Oregon Legislature Wraps Up Intense Session
After 32 intense days, the Oregon legislature adjourned March 3. In spite of a short session, some legislation of interest to credit unions passed. Now the focus is on preparing for 2017.
Compliance Center: Recent Series of Lawsuits Focus on Website Inaccessibility
There have been an increasing number of demand letters and lawsuits against businesses (colleges, retailers, hotels, and financial institutions) alleging that the businesses’ websites are not accessible to people with disabilities.
Compliance Center: CFPB Releases 2017 and 2018 HMDA File Specifications
What you need to know about upcoming HMDA file specs; your question answered about opening accounts for Single Member LLCs; plus this week’s legal briefs.
Compliance Center: CFPB Issues Bulletin on Reporting Negative Account Histories
The CFPB warns financial institutions about misreporting account information to credit reporting companies; your question answered about FCRA requirements for credit reporting; plus this week’s legal briefs.
Compliance Center: Members Wanting to Open Accounts Without Providing Any Taxpayer Identification Number
Setting the record straight on identification required to open accounts; your question answered about identifying non-U.S. persons under CIP; plus this week’s legal briefs.
Compliance Center: Cybersecurity Resources
New tools to help your credit union mitigate cybersecurity risk, your question answered on the FFIEC Cybersecurity Assessment Tool, and this week’s legal briefs.
Compliance Center: Oregon Department of Consumer and Business Services Issued Rulemaking for Reasonable Compensation
Get the details on the new rule for reasonable compensation of Directors and Supervisory Committee Members; plus your question answered about garnishment fees on Federal Benefit Payments; and this week’s legal briefs!
Compliance Center: CFPB Releases Additional Resources to Help With HMDA Rule Changes
Get the latest resources for HMDA implementation; your question answered about opening a conservatorship or guardian account; plus this week’s legal briefs.
Compliance Center: TCPA Court Ruling Highlights Human Intervention
See how human intervention impacted a recent court ruling on a TCPA complaint; your question answered on opening an account for someone without a Social Security number; plus this week’s legal briefs.
Compliance Center: IRS Reminds Taxpayers About Retirement Plan Distribution Deadline
Here’s what the IRS has to say about required minimum distributions; your question answered about recouping waived settlement costs on a member business loan; plus this week’s legal briefs.
Compliance Center: Division of Credit Unions Selected IT Contractor to Assist With IT Exams
Learn about the future of Washington State credit union IT exams; your question answered about vehicle dealerships as Money Service Businesses; plus this week’s legal briefs.