Compliance News
FinCEN Releases Cyber-Event Advisory and FAQ
The document shares more on how financial institutions have become attractive targets to criminals.
Anthem
Compliance Center: Federal Court Rejects HUD Disparate Impact Rule
Federal court rules on HUD disparate impact rule; question about monthly deposit account statements; and legal briefs.
Save to Win Builds Momentum; Awards First Quarterly Cash Prize Drawing
Save to Win’s first quarterly cash prizewinner thought she was coming to her credit union to pick up a check for $50. What she heard from the branch manager instead was life- changing.
Peninsula Credit Union to Become Seventh in Washington to Offer ‘Save to Win’
U.S. Rep. Derek Kilmer will be on hand Monday, March 31, when Peninsula Credit Union becomes the seventh Washington credit union to offer prize-linked savings accounts to members. Peninsula’s “Save to Win” launch will also be a fundraiser for North Mason Resources, a local nonprofit that helps low-income families become more self-sufficient.
Sprint Discount Program a Big Win for Credit Unions & Members
Thirty-six Northwest credit unions shared more than $200,000 in non-interest income last year, thanks to their participation in the Sprint Discount program. For some participants, the result was a bonanza as high as nearly $24,000.
Monthly Webinars to Focus on Emerging Payment Trends
Americans want a digital payment option from their financial institution, two recent surveys have found, but which of the emerging technologies will best fit the needs of credit union members? A new monthly series of CUNA webinars will try to answer that question.
Merkley on MBL Bill: ‘Let’s Get That Done!’
Sen. Jeff Merkley touched on his support for the MBL bill and outlined his plan for rejuvenating the housing market during Thursday morning’s general session at the NWCUA’s Convention.
Two Washington Credit Unions Approve Prize Linked Savings Programs
As Washington’s prize-linked savings program continues to build steam, with two Washington credit unions pledging to offer programs in 2013 and more continuing due diligence, the Nebraska credit unions that launched programs this year have surpassed the million-dollar milestone.
Compliance Question of the Week
Is a credit union required to send a monthly statement if no share drafts have cleared an account and no EFT transactions have occurred during the monthly cycle?
New Options for Toll Free Credit Counseling for Credit Card Statements
Following the NFCC’s decision to charge for previously free toll-free numbers, there are other free options available, but CUs must be aware of the compliance issues if they switch providers.
Bankrate’s First Credit Union Study Sees Positive Signs
Bankrate’s 2010 Credit Union Study, the first of its kind for this financial services research company, indicates that despite speculation that free checking may disappear from many national banks, the consumer-friendly practice is very much alive and well at credit unions.