Overdraft Protection Disclosures – Verify ‘Opt-In’ Compliance Now

Be in compliance with Regulation E. Your Strategic Link Partners, Foster Pepper PLLC provide insight.

Keeping America Strong: Infographic Shows How CUNA Mutual Group Protects Members and Serves Credit Unions

The interactive infographic highlights CUNA Mutual Group offerings like Debt Protection and Mortgage Payment Protection that help members weather unexpected hardships.

UPDATED: CUNA Mutual Launches Intuitive New Risk Insight Tool

Credit union executives get a quick, clear, high-level overview of their risk areas to help guide strategic planning.

Tracked Collateral Protection Insurance Programs Can Help Protect Credit Unions’ Interests

Absorbing the full cost of auto loan write-offs caused by damaged or stolen uninsured vehicles usually isn’t a prudent option when a credit union’s bread and butter is its auto loan portfolio. But a “tracked” collateral protection insurance (CPI) program could help protect the credit union’s interest in the loan collateral.

The Four Elements That Make Payment Protection a Solid Value for Members

There are three key elements that insurance or other financial-protection products must have to be a good value: accessibility, competitive pricing, and reliability. But if the recent struggles with health insurance exchanges have shown us anything, CUNA Mutual Group’s Rich Trace says, it’s that you should probably add a fourth element to the mix: convenience.

National Consumer Protection Week: Know Your Rights, and Make Better-Informed Decisions

A coalition of federal agencies, state governments, consumer organizations and local consumer-protection authorities are shining a light this week on efforts to help consumers take full advantage of their rights and make better-informed decisions.

Legal Briefs

Your weekly update on the regulatory landscape.

Bringing Awareness to the Need for AD&D Protection

For members under age 44, accidents are the leading cause of death. Fortunately, getting AD&D coverage is much easier than it used to be—especially with simplified online applications. CUNA Mutual provides details in this week’s Strategic Link business partner article.

State Senate Committee Hears NWCUA-Sponsored Bill to Amend Oregon Credit Union Act

Senate Bill 520 met no significant opposition its first public hearing yesterday in the Oregon Senate General Government, Consumer and Small-Business Protection Committee. The bill’s next step toward passage will come in the form of a committee vote.

Legal Briefs

Your weekly update on the regulatory landscape.

FFIEC Releases Proposed Guidance on Social Media

The FFIEC is seeking comment on a proposed guidance applying consumer protection and compliance laws, regulations, and policies to activities conducted via social media by financial institutions and nonbank entities supervised by the CFPB and state regulators.

FRB and CFPB Announce Annual Increases in Dollar Thresholds for Parts of Reg Z, M

The Federal Reserve Board and the Consumer Financial Protection Bureau announced increases in the dollar thresholds in Regulation Z and Regulation M for exempt consumer credit and lease transactions that will take effect Jan. 1, 2013.

CFPB Updates Procedure for Submitting Credit Card Agreements

To lessen the collection burden, the CFPB has updated the quarterly card agreement collection process, giving issuers the option to send information to the CFPB by email.

CFPB’s Cordray Talks Shop with Northwest Credit Unions

A small group of Northwest credit union leaders met with CFPB Director Richard Cordray at the Seattle Central Public Library on Wednesday to learn more about the bureau’s operations and direction and to share concerns with the agency’s leaders.

Federal Reserve System to Host Servicemember Financial Protection Webinar

The Federal Reserve System invites you to join an interagency discussion of servicemember financial protection guidance and compliance with the SCRA. This Outlook Live webinar will take place on Monday, Sept. 10, 2012, at 11:30 a.m. – 1 p.m. PDT.

CUNA Mutual Group Webinar: Staying in Compliance

As demanding regulatory changes are introduced, it is important to have a compliance strategy. Strategic Link strategic partner CUNA Mutual Group is offering a webinar called “Staying in Compliance,” focusing on risk-management tips and best-practices to address the hottest compliance trends and issues affecting your world today.

CFPB Establishes Safe Harbor to Remittance Disclosures

In an amendment to Reg E, the CFPB concluded that institutions that conduct 100 or fewer remittance transfers per year—which includes roughly 80 percent of credit unions—should be exempt from remittance transfer requirements.

Legal Briefs

Your weekly update on the regulatory landscape.