The preliminary injunction blocks the implementation of the Department of Labor’s (DOL) new overtime rules which would have gone into effect on December 1.
James Pearson joined the Northwest Credit Union Association as member communications evangelist this summer, after working both as a journalist and as a catalyst for economic empowerment in Uganda.
A class action lawsuit may trigger an avalanche of paperwork for credit unions. The suit was filed on behalf of consumers who were charged fees for using their debit cards at ARCO gas stations and ampm minimarts. Also today: Legal Briefs, and the Question of the Week.
The NCUA has $1.2 million to give to low-income credit unions looking to launch new products, gain CDFI certification or develop staff. Grants are being accepted through June 30.
Six Northwest credit unions will be able to expand services, offer new loan products and provide educational opportunities thanks to grants awarded by the NCUA.
The beneficiary on a Representative Payee account has requested a loan. What do we do? Can the beneficiary use the SSI payments this way?
A recent NCUA legal opinion revises the definition of a “fleet” for purposes of MBLs. The updated definition allows for five or more vehicles that are centrally controlled and used for a business purpose, giving credit unions greater flexibility in making lending decisions.
The Standard Flood Hazard Determination Form has been revised. The agency will be allowing users a three-year transition period ending May 30, 2015, so user systems can be changed before final adoption of the form is required.
What is a polar clock?
Ken Otsuka, senior consultant for CUNA Mutual Group’s risk management team: “If your credit union allows mobile devices to be used for company business, you should understand and prepare for a number of potential risks.”
Community banks have teamed up to offer a product that credit unions have used successfully for decades to attract consumers to a banking relationship. High-yield checking accounts are bringing smart consumers through the doors.
On an application we received indirectly from a dealer, I noticed there was not a section for a joint applicant to evidence his or her intent of being a joint applicant. Instead, there was fine wording at the bottom where the co-applicant affirmed the accuracy of the information and evidenced his or her intent to be joint applicant. Is this okay?
The Federal Trade Commission has warned marketers of six mobile background-screening apps that they may be violating the Fair Credit Reporting Act, which is designed to protect privacy and ensure the accuracy of consumer report information.
The economic cost of identity theft to members and credit unions is staggering, and the problem is only growing. What can you do to protect your identity?
Your update on the regulatory landscape.
With the committee deadline cutoff passed and the Associationâ€™s bills moving forward, it is time for a quick civics lesson on how ideas become law in Salem.
Autoland Solutionâ€™s president outlines various trends in the automobile market, including higher prices for Japanese cars following the tragic earthquake and tsunami.
Recent estimates show that as many as nine million people have their identities stolen in the United States every year. Chances are you may already know someone who is a victim of this crime.