Comments sought as part of a review of NCUA’s Call Report and Credit Union Profile efforts. Also, NCUA to reduce outstanding Stabilization Fund borrowings by sending $700 million to Treasury.
The new Chair of the NCUA Board made the announcement during a speech this week, seeking to streamline examination processes.
The CFPB warns financial institutions about misreporting account information to credit reporting companies; your question answered about FCRA requirements for credit reporting; plus this week’s legal briefs.
Get the scoop on the FCC’s new telemarketing rulings; your question answered about collecting payments from active duty service members; plus this week’s legal briefs.
NCUA reviewing one third of its regulations; answer to your question about automatic loan payments; plus legal briefs.
Update: Home Depot acknowledges that they are the source of stolen credit cards. All U.S. and Canadian customers at risk.
The Washington Department of Financial Institutions has been reaccredited by the National Association of State Credit Union Supervisors.
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.
With the final deadline for considering bills from the opposite house now behind them, lawmakers will focus during this final week of the legislative session on initiatives, budgets and matters related to implementing budgets. They’ll also work on negotiating differences between bills passed by the House or Senate.
NWCUA-sponsored legislation to give state-chartered credit unions parity with federally chartered credit unions regarding mergers passed the state Senate on a unanimous vote and is now in the hands of Gov. Jay Inslee.
Your weekly update on the regulatory landscape.
Washington’s politically divided Legislature returned to the state Capitol in Olympia on Monday, kicking off a 60-day session that is expected to tackle everything from education funding and transportation to gun control and marijuana.
Technology is an integral part of how financial institutions operate and provide account holders with the products and services they need, but technology agreements can be lengthy and confusing. And if you aren’t familiar with the terms and language used to describe the conditions and intricacies of the services you receive, your contract could be more beneficial to your vendors than to your organization.
The CFPB has released new modules that will be used by examiners to identify risks of Equal Credit Opportunity Act violations. The NWCUA compliance team provides a brief important to credit unions.
In the first meeting since the Washington Credit Union Act was updated by the state legislature, the Department of Financial Institutions met with credit union leaders to discuss the rule-making process that will define “reasonable” board compensation.
New amendments to the Garnishments of Federal Benefits Payments Rule take effect June 28. This week’s compliance report explains new definitions and credit union responsibilities.
The NCUA reviews all of its rules every three years, scheduling a look at about one-third of its rules each year on a rotating basis. Included on this year’s list is a review of CUSOs, fair credit reporting and member business loans, among others.
If your credit union engages a third party to help review your fidelity bond and other insurance protections, CUNA Mutual Group explains why you should find out whether the third party is an independent consultant for a fee or a broker working on commissions from carriers.