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NATIONAL REG ADVOCACY TOOL LAUNCHED
updated 07/25/14 01:55 PM
'PowerComment' Combats Burdens
PowerComment, a highly-interactive online resource that helps credit unions take their regulatory concerns directly to regulators, was officially announced today during the summer American Association of Credit Union Leagues (AACUL) meeting.

Developed by the California and Nevada Credit Union Leagues in 2013, PowerComment is available to all Credit Union National Association (CUNA)-affiliated credit unions across the country. Users have access to the latest regulatory proposals, discussion boards, and most importantly, the ability to submit comment letters directly to the National Credit Union Administration (NCUA), the Consumer Financial Protection Bureau (CFPB), and other federal and state regulators.

Credit unions can also access PowerComment through CUNA’s website by using their CUNA log-in information. If an individual is logged in to CUNA and already has a PowerComment user-profile, he or she will be appropriately directed when clicking on the PowerComment link.

Prior to the national rollout, PowerComment was tested by several other leagues, including Cornerstone Credit Union League, Credit Union Association of the Dakotas, Georgia Credit Union Affiliates, Iowa Credit Union League, League of Southeastern Credit Unions, Michigan Credit Union League, Minnesota Credit Union Network, Mountain West Credit Union Association, Northwest Credit Union Association, and Virginia Credit Union League.

For more information about PowerComment, please contact CUNA at PowerComment@cuna.coop.

You may also contact Leagues Vice President of Regulatory Advocacy 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.