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One Hour Could Help Mitigate Your CU’s Exposure to Cybersecurity Risk

An upcoming webinar and Your Association’s Cybersecurity Resource Center convene guidance, resources, and best practices all in one spot.

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CUNA-League System Reaffirms Support for Revised FOM Rule Despite ABA Challenge

The suit challenges the NCUA’s authority to interpret and issue rulemakings on field of membership broadly granted by Congress in the late-90s.

Action Request: Comments Needed for Second FOM Proposal

NCUA recently published a second field of membership proposal, with comments due December 9.

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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.

NCUA OK’s Revised Field of Membership Rule & Issues Second Proposal

Praised by Your Association, it is a long-advocated effort for regulatory relief for credit unions.

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Metsger to CFPB: Exempt Payday Alternative Loans in Proposed Rule

The NCUA Chair says the agency regulations provide the necessary consumer protection.

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MLA Amendments: What They Mean for Your CU

The Military Lending Act amendments officially went into effect on October 3.

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CUNA, NWCUA Back NCUA MBL Rule in Wake of ICBA Lawsuit

Called a “publicity stunt” by CUNA CEO Jim Nussle, the lawsuit was filed Wednesday by the Independent Community Bankers of America challenging the NCUA’s revised MBL rule.

Compliance Center: CFPB, NCUA Publish Rulemaking Agenda Updates

CFPB and NCUA officials have announced semi-annual rulemaking agenda updates.

Military Lending: Basic Training

Strategic Link partner CUNA Mutual Group details the final rule from the DoD on the Military Lending Act.

Northwest Credit Union Leaders Trek to Washington DC for Spring Hike the Hill

The twice-yearly trip shows advocacy in action, allowing credit unions face time with legislators and regulators.

NCUA: Personal Guarantee Waivers No Longer Required for Member Business Loans

Under certain circumstances, credit unions may now make member business loans without requiring a personal guarantee.

Compliance Center: Examining Gun Trusts

Examining gun trusts and transferring Title II firearms. Also, question on Cashier’s Checks and Legal Briefs.

NCUA Board Issues Revised Proposed Rules on Executive Compensation, Partial Occupancy; Also, Freed Named to Succeed Whitehead as Region V Director

NCUA’s Board of Directors met last week and took action on a number of items, including executive compensation & partial building occupancy. Also, Cherie Freed was named as Region V Director, taking over for Elizabeth Whitehead.

Compliance Center: DOL Releases Final Fiduciary Rule Amendments

The Department of Labor (DOL) recently released the Final Rule defining the circumstances in which a person who provides investment advice in connection with a retirement plan or individual retirement arrangement (IRA) acts as a fiduciary under the Employee Income Security Act (ERISA).

Compliance Center: CFPB Issues Interim Final Rule on Operations in Rural Areas Under Regulation Z

The Consumer Financial Protection Bureau (CFPB) issued an Interim Final Rule that broadens the availability of certain provisions for small creditors that operate in rural or underserved areas. The new rule, which takes effect on March 31, 2016. Read today’s Compliance update to find out more.

Compliance Center: NCUA Issues Guidance on Military Lending Act Changes

How to keep your credit union compliant with recent Department of Defense updates; your question answered about the act’s effect on auto refinancing coverage; plus this week’s legal briefs.

Compliance Center: CFPB Releases 2017 and 2018 HMDA File Specifications

What you need to know about upcoming HMDA file specs; your question answered about opening accounts for Single Member LLCs; plus this week’s legal briefs.