CFPB Considers a Proposal to Overhaul Debt Collection Market

Also, a collection of legal news from the federal regulatory arena, and this week’s compliance question, answered.

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.

Compliance Center: Credit Union Responsibilities When Returning Federal Payments

CUNA released the following article, which provides good insight into credit unions’ responsibilities when it comes to returning federal payments.

Compliance Center: Requirements of Oregon’s Sick Time Law

Oregon’s new sick time law took effect January 1. Your compliance report this week details what credit unions need to know.

Compliance Center: Requirements of Oregon’s Sick Time Law

Oregon’s new sick time law took effect January 1. Your compliance report this week details what credit unions need to know.

Compliance Center: New Law Creates Exception to Annual GLBA Privacy Notice Requirement

Learn about the new exception to the GLBA Privacy Notice Requirement; get your question answered about spotting and reporting counterfeit money; plus catch up on this week’s legal briefs.

Target Agrees to $39 Million Settlement in Data Breach Suit

If approved in federal court, the settlement would earmark $20 million for the credit unions and other financial institutions that joined the class action suit.

Compliance Center: Three Announcements From the CFPB

Get the latest big announcements from the CFPB; your question answered about NSF notices; plus this week’s legal briefs.

CFPB Reduces Privacy Notice Burden With New Rule

The Consumer Financial Protection Bureau’s new rule allows FIs that satisfy certain privacy conditions to post consumers privacy notices online rather than sending paper copies.

Compliance Center: CFPB Issues Bulletin Regarding Marketing of Credit Card Promotional APR Offers

Credit card marketers put on notice by CFPB, answer to your NSF notice question, and more.

Compliance Center: NCUA Discusses Top 10 Cyber Security Areas That Examiners Will Look At

The NCUA lays out the top 10 cyber security areas its examiners may focus on, plus legal briefs and the question of the week.

Oregon Legislative Update: Short Session Ends with a Flurry

After 33 days, the second short legislative session in Oregon’s history adjourned on March 7 with a flurry of mostly small, technical bills and minor budget adjustments. Several controversial measures were left on the table, but lawmakers did pass bills of interest to credit unions.

Oregon Legislative Update: Short Session Could Wrap Up This Week

Key issues remain on the agenda as the Oregon Legislature nears the end of a short session, but one bill of interest to credit unions — dealing with possessory liens — has already passed both the House and Senate.

Oregon Legislative Update: Possessory Liens, Prize-Linked Savings Bills Still Alive

Two major issues of interest to credit unions – possessory liens and prize-linked savings — are still alive as the Oregon Legislature enters its fourth week of a short session.

DFI Issues Final Rule for Reasonable Compensation of Directors and Supervisory Committee Members

The Washington state Department of Financial Institutions has released a bulletin that explains its final rule on reasonable compensation for directors and supervisory committee members. The rule takes effect on Feb. 23.

Three Judge Panel Nixes NRLB Poster Requirement

Credit unions and other businesses will not have to post notices informing employees of their rights to start and join unions. The proposed NLRB rule was struck down in the U.S. Circuit Court of Appeals.

Compliance Question of the Week

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

Reminder: Unlimited Share Insurance Set to Expire Dec. 31

Temporary unlimited share insurance coverage for noninterest-bearing transaction accounts was one of the provisions that came out of the Dodd-Frank Act, and unless Congress passes legislation to amend the current rules, it will no longer be available beginning Jan. 1, 2013.