Compliance News
NCUA Releases Letter to CUs Regarding Same-Day ACH Payments
The letter reviews the steps credit unions should be taking in order to be ready for the Same-Day ACH payments that will become effective this Friday, September 23rd.
Anthem
CFPB Considers a Proposal to Overhaul Debt Collection Market
Also, a collection of legal news from the federal regulatory arena, and this week’s compliance question, answered.
Industry Insight
4 Ways You Should Incorporate Marketing Goals Into Your Credit Union Strategic Planning
Strategic Link content partner Social Stairway shares ideas on how to weave marketing goals into your credit union’s larger strategic planning.
Attracting New Members: Why Credit Unions Should Offer Mobile Account Opening
Strategic Link partner CSCU shares how this convenient mobile offering can help your credit union turn potential applicants to new members.
Compliance Center: Small Business Health Care Tax Credit Filing Deadline is May 15
The filing deadline to claim the Small Business Health Care Tax Credit for the 2015 tax year is coming up on May 15, which could lead to big savings for eligible small credit unions. Plus your question on the CFPB’s credit card agreement submission expiration, and this week’s legal briefs.
Compliance Center: CFPB’s Advisory on Preventing Elder Financial Exploitation
How is “financial exploitation” defined in Washington State?
NCUA to Discuss RBC2 Final Rule at October 15 Meeting
A vote on the final version of the National Credit Union Administration’s revised risk-based capital proposal is on the agenda for the agency’s October 15 meeting.
The Ever-Changing Financial Technology Landscape and the New Role of Fintech Companies
Credit unions and their members have high expectations for outstanding technology—including mobile banking, financial education products, and security solutions. How can credit unions navigate the choices between and relationships with the vendors providing these services? An Amplify breakout session will provide answers.
Compliance Center: HUD Issues Guidance on Multifamily Assisted and Insured Housing Based on Equal Access to Housing Rule
HUD’s guidance aims to avoid discrimination against LGBT Americans; your question answered on NCUA’s record retention regs; plus this week’s legal briefs.
5 Steps to Master Small Business Social Media
Is your credit union new to social media, or are you looking to revamp your strategy, or do you want to help your members improve their small biz social media game? This guide from Expertise.com can help.
Leading Website Praises Credit Union Small Business Lending
Personal finance website NerdWallet offered three key benefits of seeking small business loans at credit unions, quoting NWCUA President and CEO Troy Stang.
Study: Online Calculators Improve Probability of Saving Enough for Retirement
Do your employees know how much they’ll need to retire? An online calculator takes the guesswork out of retirement planning.
Deadline Nears for Credit Unions to Join Class Action Suit Against Home Depot
Plaintiffs’ attorneys are looking for financial institution in each state to join the case, and are sending letters to some Northwest credit unions.
Compliance Center: NCUA Releases Guidance on Private Student Loans with Graduated Repayment Terms
New student loan guidance calls for orderly repayment, less payment shock; your question answered about IRS refunds; plus legal briefs.
Compliance Center: NCUA Discusses Top 10 Cyber Security Areas That Examiners Will Look At
The NCUA lays out the top 10 cyber security areas its examiners may focus on, plus legal briefs and the question of the week.
Compliance Center: FinCEN Advisory on Promoting a Culture of BSA/AML Compliance
FinCEN recently issued an advisory to financial institutions, laying out guidelines that can help foster a strong culture of BSA/AML compliance. Also in the Compliance Center: legal briefs and the question of the week.
Inter-Agency Guidance Issued for HELOCs Nearing the End-of-Draw Periods
Five federal regulatory agencies and the Conference of State Banks Supervisors issued new guidance for HELOCs nearing their end of draw periods. Also in today’s Anthem: Legal Briefs, and the Question of the Week: “Can a credit union sell a reposed vehicle?”
Three Things That Make Your Disaster Recovery Plan Work
The NCUA requires every credit union to have a disaster recovery plan. But a plan is just words on paper unless you take three important steps. Some guidance is offered in our Strategic Link partner article this week, by CUNA Mutual Group.