Rabobank to Spotlight Global Cooperative Reach at Annual Convention

Rabobank, a global agricultural financial services provider, will showcase its cooperative roots and international reach at the NWCUA Convention and Annual Business Meeting in October. The director of corporate affairs will provide a keynote address.

Washington Credit Unions Invited to Learn About New Turnkey Prize-Linked Savings Plan

Washington credit unions may finally be well-positioned to offer prize-linked savings accounts, thanks to funding approved by the Northwest Credit Union Association board and a new operations model offered by the Michigan Credit Union League.

NCUA Issues Letter to Credit Unions on Interest Rate Risk

Credit unions with greater than $50 million in assets and those with assets between $10 and $50 million that meet a handful of other criteria have until Sept. 30 to adopt a written IRR policy and implementation program.

Legal Briefs

Your weekly update on the regulatory landscape.

Model Forms for Mortgage Statements

Financial institutions will likely need to update mortgage loan statement forms to comply with Dodd-Frank changes to the Truth in Lending Act. The CFPB has issued a prototype form statement to serve as a starting point and is now accepting feedback.

Compliance Question of the Week

What’s up with the Pew Model Disclosure Box for checking accounts?

Seattle Metropolitan Credit Union Presents Co-opalooza, a Celebration of the Cooperative Model

Seattle Metropolitan Credit Union has organized Co-opalooza to promote the cooperative model that is central to the credit union movement. More than 20 different cooperatives will work together to promote their organizations and ideals at the carnival-like event.

Risk Based Pricing and Adverse Action Notice Changes Finalized

The Fed and FTC on Wednesday issued final rules to implement the credit score disclosure requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act. If a credit score is used in setting material terms of credit or in taking adverse action, the statute requires creditors to disclose certain information to consumers.