Compliance Center: Supreme Court Rules Junior Mortgages Cannot Be Voided in Bankruptcy

Learn more about the Supreme Court’s decision; your question answered about cashing an “on-us” check; plus this week’s legal briefs.

Compliance Question of the Week

The Compliance Question of the Week finds answers to a compelling question. Can we refuse to cash a check drawn off our credit union?

Compliance Question of the Week

Is a change in terms notice required to start charging non-members for check cashing?

NCUA Details Changes to 5300 Call Report

The NCUA will make several significant reporting changes to the 5300 Call Report that will help implement the final TDR rule and loan-workout guidance that eased the reporting requirements for modified and TDR loans.

Two Michigan Credit Unions Settle ATM Lawsuits

Less than two weeks after North Coast Credit Union became the first Northwest credit union hit with an opportunistic lawsuit regarding ATM fee posts, two Michigan credit unions settled similar suits in federal court.