NCUA, along with four other agencies, released the guidance to address discrepancies that may occur with amounts deposited by a member or customer and the dollar amount credited to that account.
The policy statement does not create any new compliance obligations, and the Administration will collect voluntary self-assessments from credit unions in order to understand diversity trends in the industry.
Compliance Center: Federal Agencies Issue Final Policy Statement for Assessing Diversity Policies and Practices
Get the details on the interagency diversity policy; your question answered about denying a Reg E claim; plus this week’s legal briefs.
Southwest Washington, Spokane, and Willamette Chapters receive Chapter Excellence Awards for fostering credit union cooperation.
Oregon Senator Jeff Merkley recently met with credit union leaders. He shared his vision to reform Senate practices and discussed examples of how the regulatory burden impacts credit unions and members.
Recent settlements involving unfair and deceptive marketing practices should serve as reminders that credit unions need to pay close attention to complying with the Unfair, Deceptive or Abusive Acts or Practices rules.
Two Northwest credit unions—Red Canoe and Maps—won national human resources awards for multi-year wellness programs. The awards were presented at CUNA’s HR/TD conference in Anaheim.
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Your weekly update on the regulatory landscape.
As banks settle multimillion-dollar lawsuits for illegal overdraft policies, credit unions are now being brought into the fray and may soon face the same type of attention and penalties as their for-profit cousins.
Strategic Link business partner CSCU explains the importance of fraud protection and answers a number of pressing questions related to current fraud trends and best practices for detection.
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 a call for comment on Oregon’s proposed mortgage servicing rule.
The NCUA, FRB, CFPB and others jointly issued guidance concerning mortgage servicing practices that may pose risks to homeowners serving in the military.
The CFPB is hoping to learn more about the many ways in which older Americans are financially exploited and about the best practices for elder financial management.
Strategic Link business partner MAP outlines a series of best practices in a new document to help credit unions achieve a boost in Visa debit profitability through their individual branches.
Portland Mayor Sam Adams requested input last week on his Responsible Banking Resolution, a proposal that could impact Oregon credit unions. He answered several questions on the subject in this Anthem e-interview.
Portland’s mayor is seeking input on a Responsible Banking Resolution, which recommends Oregon credit unions be allowed to accept public funds. Meanwhile, Rep. Suzanne Bonamici will be sworn in today and continues to emphasize raising the MBL cap.
The CFPB released its official Mortgage Origination Examination Procedures, which will serve as a “field guide for CFPB examiners” as they examine mortgage originators in all sectors of the financial services industry.