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Research & Compliance     

LATEST RESEARCH ITEMS OF INTEREST...

Compliance

The answers you need—when you need them!
When technical challenges or complex situations arise at your credit union, turn to the Leagues’ PolicyWorks. Our mission is to provide technical, compliance, operational, economic, and regulatory information in an understandable and easily accessible way.
     
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A resource for credit unions in CA & NV, providing credit union financial and economic trend analysis, brought to you by your Leagues in partnership with CUNA & Affiliates.

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Answers to your crucial questions can be less than one business day away. Post your question here, and a talented compliance professional will get back to you quickly! Or if you prefer, call the PolicyWorks compliance hotline to speak directly with our knowledgeable consultants.
Compliance Hotline: (844) 731-6072
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From the Editors of CU Weekly

CFPB POSTS 'PLAIN LANGUAGE' GUIDES
updated 05/07/13 06:08 AM
Also, COPPA FAQs and New TIPs
The Consumer Financial Protection Bureau (CFPB) has published three small-entity compliance "plain language" guides on the 2013 Home Ownership and Equity Protection Act (HOEPA) rule, Equal Credit Opportunity Act (ECOA) Valuations Rule, and Truth In Lending (TILA) Higher-Priced Mortgage Loans (HPML) Appraisal Rule.

Click here to view the 2013 HOEPA Rule guide.

Click here to view the ECOA Valuations Rule guide.

Click here to view the TILA HPML Appraisal Rule guide.

Updated FAQs on COPPA
The Federal Trade Commission (FTC) has issued an updated set of frequently asked questions designed to help website operators, mobile application developers, plug-ins and advertising networks operating on child-directed websites and online services prepare for upcoming changes to the Children’s Online Privacy Protection Rule (COPPA).

The document, Complying With COPPA: Frequently Asked Questions, contains information directed to websites and online services whose work online may involve the collection of personal information from children under age 13. The document provides guidance from the FTC staff that supplements the rules and other COPPA-related material previously published by the FTC.

The FTC finalized amendments to the COPPA rule last December, and they will go into effect on July 1 of this year. The process to review the rule was begun in 2010 with the intent to modernize the rule and ensure that children’s privacy protections kept up with evolving technology and changes in the way children use and access the Internet, including the increased use of mobile devices and social networking.

New TIPs Bulletins
Don’t forget: the California and Nevada Credit Union Leagues are continually posting TIPs Bulletins on the Leagues' Research and Compliance webpage to help credit union CEOs and compliance officers navigate the regulatory arena!

The following are the most recently published TIPs Bulletins, out of several others posted:

  • TIPs Bulletin 13-26 provides details regarding the prohibition on mandatory arbitration clauses and single premium credit insurance (Regulation Z).
  • TIPs Bulletin 13-27 gives information on the IRS Form 990 filing deadline.

 
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NEW SPANISH TILA-RESPA TOOLKIT
updated 07/28/15 09:18 AM
Plus, Unclaimed Property Seminar
The Consumer Financial Protection Bureau (CFPB) has released a Spanish edition of “Your Home Loan Toolkit,” the consumer guide that is designed to replace the current Settlement Cost booklet when the TILA-RESPA Integrated Disclosures rule goes into effect on Oct. 3.

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POLICYWORKS LEAGUE COMPLIANCE SITE
updated 07/21/15 08:59 AM
League Member-Exclusive Content
The PolicyWorks League members’ only website provides member credit unions with ongoing compliance support as benefit of League membership. The website houses a library of compliance information and communications to assist credit unions with their compliance needs.

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Leagues Chief Economist Dwight Johnston continually provides economic and market analysis that is both informative and entertaining. Continue for daily and monthly commentary, rate forecasts, and economic updates.
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