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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|July 16, 2014|
|TIPs Bulletin #14-14||Canada’s Anti-SPAM Legislation (CASL) and Its Impact to U.S. Credit Unions|
|June 30, 2014|
|TIPs Bulletin #14-13||Voluntary Liquidation|
|TIPs Bulletin #14-12||Annual Indexing of HUD’s Basic Statutory Mortgage Limits for Multi-Family Housing Programs|
|June 10, 2014|
|TIPs Bulletin #14-11||Interim Rule - Exchange of Mutilated Paper Currency|
Shared Compliance Services
CURoots offers a variety of services to help you keep pace with ever-changing regulatory compliance while you focus on day-to-day credit union business.
Internal Audit Services
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Rural and Underserved Counties, and Federal Benefit Payment Garnishments
TIPs Bulletin 13-34 examines how the CFPB has posted an updated list of counties determined to be rural or underserved for purposes of applying several regulatory provisions in 2014.
TIPs Bulletin 13-33 provides details on how the Treasury Department, Social Security Administration, Veterans Affairs Department, Railroad Retirement Board, and Office of Personnel Management have issued a final rule revising the procedures that credit unions and other financial institutions must follow when a garnishment order has been received against an account containing certain protected federal benefit payments that have been direct deposited.
Loan Participation Effective Date Pushed Back
The National Credit Union Administration (NCUA) announced a new effective date (Sept. 23) for its final rule on loan participations, which will give credit unions flexibility to adequately prepare for the rule's changes. The original effective date was July 25.
The NCUA approved the loan participation rule at last month's open board meeting, which the Leagues' TIPs Bulletin 13-32 discusses in detail.
Mortgage Rules Readiness Guide Released
The CFPB has released its first version of the 2013 Dodd-Frank Mortgage Rules Readiness Guide. The guide is published to:
CHANGES TO REG C PROPOSED ON HMDA
updated 07/29/14 10:20 AM
Comments Due Oct. 22
The Consumer Financial Protection Bureau (CFPB) has proposed changes to Regulation C, which implements the Home Mortgage Disclosure Act and is inviting financial institutions to comment on the proposed rule.
TIPs, FinCEN PUB, HANDBOOK UPDATE
updated 07/21/14 12:44 PM
The Latest in Compliance
A new TIPs Bulletins (Technical Information and Procedures) has been posted by the California and Nevada Credit Union Leagues on Canada’s anti-SPAM legislation, which went into effect July 1 and is similar to the U.S. government’s CAN-SPAM Act of 2003.