The Washington state Department of Financial Institutions has released a bulletin that explains its final rule on reasonable compensation for directors and supervisory committee members. The rule takes effect on Feb. 23.
Brian Witt, an attorney with the law firm Farleigh Wada Witt, says credit union losses from CUSO operations are infrequent, but it’s the magnitude of recent CUSO losses that led to increased regulation and the NCUA’s final CUSO rule.
The Loan Participation Rule issued by the National Credit Union Administration earlier this summer takes effect on Monday, and credit unions will want to make sure they are meeting the requirements of the final rule.
The regulatory alert reminds credit unions of the Consumer Financial Protection Bureau’s new rule on real estate appraisals and valuations under the Equal Credit Opportunity Act, and also serves as a reminder of the Jan. 18, 2014, compliance date.
Can a credit union send a member a credit card even though it has not been requested by the member?
The CFPB has issued two rulemaking proposals regarding appraisals, both of which come as a product of the Dodd-Frank Act.
Brad Mundine, senior manager of the Credit Union Protection Risk Management team for Strategic Link strategic partner CUNA Mutual Group, explains that when it comes to disaster planning, writing the plan is only the first step.
Your weekly update on the regulatory landscape.
Can I charge any fees due to dormancy or inactivity, or stop paying interest on a dormant account?
Is a garnishment order written by an attorney subject to the new rules regarding protecting Federal Benefits Payments from garnishment?
In March the NCUA Board issued a proposed amendment to Part 741 that would require certain federally insured credit unions to have a written policy to address interest rate risk management, as well as an effective IRR program for successful asset liability management.
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