Compliance Center: Interagency Guidance on Deposit Reconciliation Practices Released

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.

NCUA Outlines Diversity Best Practices

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.

Northwest Chapters Honored for Excellence in Collaboration

Southwest Washington, Spokane, and Willamette Chapters receive Chapter Excellence Awards for fostering credit union cooperation.

Merkley Shares Senate Reform Agenda with Credit Unions

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.

Credit Unions Should Prepare Now for More UDAAP Enforcement Actions

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.

Northwest Credit Unions Win Excellence Awards at the 19th Annual CUNA HR/TD Council Conference

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.

Compliance Question of the Week

How can I learn more about setting up an escrow account?

Legal Briefs

Your weekly update on the regulatory landscape.

Re-sequencing Debit Transactions Earn Banks Negative Attention, Profits, Record Penalties

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.

CSCU Answers Frequently Asked Fraud Questions

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.

Regulatory Advocacy Update: Proposed Oregon Mortgage Servicing Rules Cause Concerns

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.

NCUA Issues Guidance Concerning Mortgage Servicing Practices that Impact Servicemembers

The NCUA, FRB, CFPB and others jointly issued guidance concerning mortgage servicing practices that may pose risks to homeowners serving in the military.

Consumer Financial Protection Bureau Turns its Attention to Elder Financial Abuse

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.

MAP Releases Branch Best Practices Guide for Debit Card Programs

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.

A Credit Union Q&A with Portland Mayor Sam Adams

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.

Mayor Adams Seeks Comment on Responsible Banking Resolution, Bonamici Pushes MBL Agenda

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.

Mortgage Originator Exam Steps Released by CFPB

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.