Compliance Center: Skimming Alerts. Also, Found Money After Vehicle Repo & Legal Briefs
Major spike in ATM skimming attacks; Compliance Question of the Week on found money following a vehicle repossession and the latest legal briefs.
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NWCUF Grants $11,800 for Spokane Windstorm Relief
Spokane-area credit union employees suffered tens of thousands of dollars in property damage in the historic windstorm. The NWCUF and regional credit unions stepped up to help.
Compliance Center: Washington State DOR to Require Electronic Filing of Unclaimed Property Reports
Get the details on the DOR’s electronic filing; your question answered about the CFPB’s new Closing Disclosure; plus legal briefs.
Compliance Center: NACHA Passes Two Rules to Increase ACH Network Quality
New AHC Network rules, legal briefs and the compliance question of the week.
OFAC Revised Guidance on Entities Owned by Blocked Persons
Treasury issues new guidance on property owned by “blocked persons”. Also in the Compliance Center: legal briefs and the question of the week.
Oregon Lawmakers Prepare a Host of Bills for Upcoming Legislative Session
Gun control, marijuana and Cover Oregon were among the key issues on the agenda when Oregon lawmakers gathered in Salem last week for the third and final series of interim committee meetings leading to the Feb. 3 opening of a short legislative session.
Oregon DCBS to Hold Unimproved Property Rulemaking Hearing
The Oregon DCBS has scheduled a hearing July 1 to discuss a rule that would allow state-chartered credit unions to hold unimproved property for up to six years instead of three.
Compliance Question of the Week: What Do We Do if We Repossess a Vehicle That Has Items in It?
Vehicle repossession takes on a new challenge when there are items in the car. This week’s compliance question tackles the issue of what to do.
It’s Spring: Do You Know Where Your Flood Zones Are?
As most of the Northwest is experiencing a soggy May, it’s a good reminder for credit union lenders to shore up their flood zone data. This is critical information for mortgage approvals. In today’s Strategic Link business partner article, CUNA Mutual’s Kriss Besch shares some important insight.
Oregon State Chartered Credit Unions Weigh in With DCBS on Occupancy Rule
The Oregon DCBS is taking steps to permanently adopt a rule allowing state chartered credit unions up to six years to partially utilize unimproved property held for future expansion. A group of state chartered credit union representatives recently served as an advisory group.
Compliance Question of the Week
Can I charge any fees due to dormancy or inactivity, or stop paying interest on a dormant account?
Compliance Question of the Week
What are the required elements of a small estate affidavit?
Committee Deadline Passes in Oregon Legislature
The Oregon Legislature has a more focused agenda for consideration, now that the April 18 deadline has passed for bills to move out of committee or die without hearings.
DCBS to Issue Administrative Rule in Line with Model Credit Union Act Subcommittee Recommendation
The Oregon DCBS will issue a temporary rule tomorrow concerning property use and ownership for state-chartered credit unions, one of many updates to the Oregon Credit Union Act recommended by the NWCUA’s Model Credit Union Act Subcommittee.
New Joint Rule on Appraisals for Higher-Priced Mortgages Released
Seven agencies issued a joint rule this week requiring lenders to perform an appraisal on all higher-priced mortgage loans prior to extending the loan.
Compliance Question of the Week
Do certified checks ever go stale?
Compliance Question of the Week
We have several IRA accounts that were opened 10 or more years ago. Our statements are being returned, and our members have not contacted us. At what point do these become dormant and get sent to the state?
Compliance Question of the Week
In a Uniform Transfers to Minors Account (UTMA), when does the minor get access to the funds? At 18? 21? 25?