Compliance Center: NCUA Issues Opinion Letter on Loan Participations in Indirect Loans

NCUA letter focuses on federally insured credit unions as originating lenders in indirect lending arrangements; your question answered about Social Security payee accounts; plus this week’s legal briefs.

NWCUA Regulatory Advocacy Update: Advisory Opinion on BOLI Expected from Washington DFI

The weekly Regulatory Advocacy Update outlines the NWCUA’s efforts to reduce the regulatory burden on credit unions and protect the larger movement. Included here is an update on Washington DFI’s stance on bank-owned life insurance.

Legal Briefs

Your weekly update on the regulatory landscape.

Business Loan Legal Opinion Redefines Number and Use of “Fleet” Vehicles

A recent NCUA legal opinion revises the definition of a “fleet” for purposes of MBLs. The updated definition allows for five or more vehicles that are centrally controlled and used for a business purpose, giving credit unions greater flexibility in making lending decisions.

CUNA Mutual Issues Update on Lending Compliance for MFOEL/MFL

In light of the recent NCUA Legal Opinion Letter regarding multi-featured lending plans, CUNA Mutual Group has issued a compliance update and announced two upcoming webinars that will offer additional clarification.

Legal Briefs

Your weekly update on the regulatory landscape.

Legal Briefs

Your update on the regulatory landscape.

Legal Briefs

Your update on the regulatory landscape.

Compliance Update: NCUA says CUSO Can Act as a Landlord

The NCUA stated that a CUSO is permitted to act as a landlord, provided the majority of the property is leased to credit unions and members of affiliated credit unions.

Legal Briefs

Your update on the regulatory landscape.

Legal Briefs

Your update of the regulatory landscape.

Legal Briefs November 16, 2010

Your update of the regulatory landscape.

Legal Briefs March 10, 2011

Your update of the regulatory landscape.