Compliance Question of the Week
We had to reduce the credit line on a member’s HELOC because the value of the collateral has significantly dropped. What notice should I send to the member about this?
We had to reduce the credit line on a member’s HELOC because the value of the collateral has significantly dropped. What notice should I send to the member about this?
Filene Research Institute is conducting its first North America wide study of credit union governance practices. Credit union CEOs, volunteer directors and analysts will be able to benchmark their governance practices against the best practices in the U.S. and Canada.
Can a credit union provide life insurance for its board members?
Northwest credit unions are expected to benefit as Financial Service Centers Cooperative (FSCC) and CO-OP Financial Services combine operations. FSCC President and CEO Sarah Bang said Northwest credit unions were among the first to embrace the shared branching concept.
In a guest article from business partner JMFA, an overdraft program is offered to increase income and offset the anticipated impact of the interchange fee cap.
Do I have to provide a Risk-based Pricing Notice with the pre-approved credit card offers we send out?
The Federal Reserve System will conduct a webcast on risk-based pricing notices on February 16. This webinar is part of an ongoing series focused specifically on consumer compliance issues.
Southwest Bridge Corporate Federal Credit Union will host four Town Hall meetings in the Northwest this month to provide member credit unions another opportunity to obtain information about the proposed consolidation of Southwest Bridge Corporate and Georgia Corporate.
As regulators put the finishing touches on rules affecting overdraft programs, credit unions are looking for assurances that their existing program will pass examiner scrutiny, while continuing to provide a much-needed boost to their bottom line and a valuable service to their members.
Business Solutions: Information from the League’s Business Partners
Jump$tart Washington is organizing the first Washington Money Smart Week Campaign, a public awareness campaign designed to help consumers better manage their personal finances. It begins April 25.
Business Solutions: Information from the League’s Business Partners