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Two Upcoming Labor Rule Compliance Dates That CUs Should Keep in Mind

Also, the latest legal briefs from the federal level and your compliance question of the week, answered.

Compliance Center: NCUA Issues Opinion Letter on Loan Participations in Indirect Loans

NCUA letter focuses on federally insured credit unions as originating lenders in indirect lending arrangements; your question answered about Social Security payee accounts; plus this week’s legal briefs.

News From Inside the Oregon State Capitol, Feb 9-13

As the governor resigns, credit union bills are referred to committee and the legislative session marches on.

Oregon Legislative Session Preview

Lawmakers begin 2015 session; credit unions to introduce prize-linked savings, updates to the Oregon Credit Union Act.

Washington Legislative Week in Review, January 12-16

Legislature begins long session under Supreme Court contempt order; will tackle taxes, education and transportation issues.

NCUA Issues Regulatory Alert Regarding Ability-To-Repay and Qualified Mortgage Rule

The NCUA has issued a new regulatory alert to remind credit unions of the compliance requirement for the CFPB’s Ability to Repay/Qualified Mortgage Rule. Also in today’s Anthem: Legal Briefs, and the Question of the Week: “What happens if the person who is renting a safe-deposit box passes away? Who has access?”

Compliance Question of the Week

What happens if the person who is renting a safe deposit box dies?

Compliance Question of the Week

What is a representative payee?

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Compliance Question of the Week

What is a Social Security Representative Payee Account, which members require one and how should the accounts be established?

Washington Legislative Week in Review: Legislature in Session, NWCUA Establishes State Priorities

The 2013 session of the Washington State Legislature began on Jan. 14 with three significant items on the year’s agenda: adopting a budget through 2017, resolving public education requirements and finalizing details related to Medicaid expansion.

Compliance Question of the Week

We had a member who lived in Utah when he passed away. His personal representative has letters of testamentary granted from Utah. Can we turn over the assets to the personal representative based on those letters?

Compliance Question of the Week – January 17th 2012

What is a VA fiduciary account, and how would I title one?

Compliance Question of the Week

What happens if the person who is renting a safe deposit box dies? Who has access?

Compliance Question of the Week

A member died some months ago. None of his accounts, including the safe deposit box, shows any beneficiary or joint owners. Nobody has come in claiming to be the personal representative. What should we do with the safe deposit box?

Compliance Question of the Week

Can a credit union allow a mother acting as representative payee for her son’s SSI checks to deposit them into a UTMA account, if she is not the custodian on the account?

Compliance Question of the Week

How long does a stop payment order remain in effect?