Relationships Help Credit Unions Capture Growing Auto Loan Market

Northwest credit unions continue robust auto lending in a “hot” market. Data from CUDirect and Callahan & Associates finds Washington credit unions grew the category by 56 percent since late 2011, while Oregon credit unions increased by 34 percent.

Compliance Center: How Does Your 2007 Credit Card Agreement Hold-Up?

A Massachusetts court ruling may make you want to revisit your agreement language; your question answered about TILA/RESPA timing requirements; plus this week’s legal briefs.

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.

Do You Have the Technology Know-How to Effectively Manage Your IT Contracts?

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.

Compliance Question of the Week

Is a change in terms notice required to start charging non-members for check cashing?

Vermont Credit Union Fighting for Freedom of Speech in ‘Bank, Banker, Banking’ Issue

A $600 million Vermont credit union has become a champion for the industry and a pariah among banks for not backing away from a national issue affecting all credit unions and their ability to communicate clearly the scope of their activities.

CFPB Provides Clarification to Credit Card Account Opening Disclosures

Credit unions must update the website reference on their credit card applications and solicitations by Jan. 1, 2013, to reflect the transition of Reg Z to the CFPB. This is not a “significant change” and does not require a 45-day written notice.

Northwest Credit Union Foundation Plans Board Elections

The Northwest Credit Union Foundation is seeking nominees dedicated to its mission and objectives who will work to carry out the Foundation’s vision as elected members of its board of trustees.

NWCUA Seeks Nominations for Board of Directors

The NWCUA will accept nominations for all board of director positions from April 16-30. Board members are responsible for establishing the Association’s policy and governance direction and representing their district or asset-size category.

Five Elements of a Good Auto-Loan Refinance Campaign

CUNA Mutual Group’s Stephanie Christensen writes about the unique opportunity presented by the new liquidity resulting from mass consumer deposit shifts.

CFPB Unveils Sample Credit Card Disclosures

The Consumer Financial Protection Bureau (CFPB) has begun another stage of its “Know Before You Owe” project, unveiling a two-page credit card disclosure that clearly lays out the key terms that consumers need to know.

Legal Briefs

Your update on the regulatory landscape.

Compliance Question of the Week

Do we have to send an adverse action notice when we terminate a credit card account due to delinquency?