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Sharon Lindeman, Vice President of Regulatory Advocacy for the California and Nevada Credit Union Leagues

LEADING THE CHARGE IN REG ADVOCACY
updated 03/25/13 02:12 PM
Leagues Fill Key Position
In a direct response to members' increasing concerns about regulatory burdens, the California and Nevada Credit Union Leagues recently created and filled a key position to communicate with state and federal regulators on how proposed rules impact credit union operations—and ultimately credit union members.

Sharon Lindeman, vice president of regulatory advocacy for the Leagues, began her new role in mid-March after 21 years of serving in various compliance capacities at SchoolsFirst FCU.

"Our goal is to mobilize credit unions and help ensure their voice is heard in the rule-making process," Lindeman said about her new role at the Leagues. "The more credit unions are involved in the rule-making process and sharing their comments and relevant concerns, the more regulators consider how a regulation will affect the industry."

Her top three objectives are to create and maintain effective relationships with regulators, build upon the timeliness of providing regulatory information to member credit unions, and spearhead the ongoing development of PowerComment. Named for its powerful interface in connecting users with the regulatory comment process, PowerComment is a new online forum currently in its final testing stages that will provide a platform for reviewing proposed rules, asking questions of League staff or fellow credit unions, and instantly submitting personalized comment letters.

"We want to foster involvement in the comment process so we can help shape regulations and minimize their impact to credit unions," Lindeman said. "It's pertinent that credit unions are involved in the regulatory process and have their voice heard. Together, we can improve regulations through expanding involvement in the process."

In her most recent position at SchoolsFirst FCU—manager of operations compliance—Lindeman was active in the regulatory rule-making process, drafting comment letters on proposed rules by the National Credit Union Administration, Consumer Financial Protection Bureau, and other agencies. She held several different compliance and audit positions at the credit union from 1991-2013.

For questions on how your credit union can use the Leagues' resources to play an active, powerful role in the regulatory rulemaking process, please contact Sharon Lindeman at 909-212-6063 or sharonl@ccul.org.

 
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CHAPTER FORUM, RECEPTION ENGAGES CUs updated 10/27/14 06:55 PM
Networking and Awards after 'REACH'
Credit union chapter members from across California and Nevada gathered Oct. 23 at the JW Marriott (L.A. Live) in downtown Los Angeles to attend the 2014 Chapter Forum, which offered a full day of valuable networking and educational sessions for attendees who were eager to share individual stories about the work their chapters are accomplishing.

NEEN JAMES CHALLENGES CUs AT 'REACH' updated 10/27/14 04:17 PM
'Time is the New Currency'
By Wednesday afternoon, nearly 700 credit union CEOs, professionals, industry vendors, and guests had attended REACH 2014, the California and Nevada Credit Union Leagues’ Annual Meeting and Convention from Oct. 20-22 at the JW Marriott (L.A. LIVE) in downtown Los Angeles.

CFPB, FTC HOST DEBT COLLECTION FORUM updated 10/27/14 03:31 PM
Latino Consumers Discussed
The Federal Trade Commission (FTC) and Consumer Financial Protection Bureau (CFPB) recently hosted an all-day forum on “Debt Collection and the Latino Community,” which brought together consumer advocates, industry professionals, and regulators to discuss how debt collection issues affect Latino consumers, especially those with limited English proficiency (LEP).

FinCEN: QUARTERLY UPDATE ON 'SARs' updated 10/27/14 03:09 PM
Also, Mortgage Service Transfer Guidance
The Financial Crimes Enforcement Network (FinCEN) has issued its SAR Stats quarterly update, which provides information on Suspicious Activity Reports (SARs) filed through Sept. 30, 2014.