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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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:
CONFERENCE CALL: CHANGES TO REG Z
updated 05/23/16 03:02 PM
OT Rules, Deposit Recon. Practices
Credit union professionals can join a conference call briefing on May 25 by the Consumer Financial Protection Bureau (CFPB) regarding changes to Regulation Z implementing the Helping Expand Lending Practices in Rural Communities Act (HELP Rural Communities Act) contained in the Fixing America’s Surface Transportation Act (Public Law 114-94).
FINCEN PUBLISHES FINAL CDD RULES
updated 05/17/16 08:02 AM
TILA-RESPA Citations Resources
The Financial Crimes Enforcement Network (FinCEN) has issued final rules under the Bank Secrecy Act to clarify and strengthen customer due diligence requirements for banks and credit unions, brokers or dealers in securities, mutual funds, and futures commission merchants.