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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|January 28, 2015|
|TIPs Bulletin #15-04||2014 Residential Mortgage Loan Report|
|TIPs Bulletin #15-03||HMDA/LAR Reports|
|January 16, 2015|
|TIPs Bulletin #15-02||2015 Information Returns and Disclosures|
|January 15, 2015|
|TIPs Bulletin #15-01||Important Reminder: Limitation on Credit Card / Unsecured Open-end Credit Late Fees (CA Financial Code 4001)|
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
CURoots can help your credit union identify potential issues, assess risk, and save valuable time and resources by providing expert assistance for your auditing needs.
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:
TILA-RESPA RULE CHANGES FINALIZED
updated 01/26/15 04:27 PM
Plus, FinCEN Issues New SAR Stats
Proposed amendments by the Consumer Financial Protection Bureau (CFPB) to the TILA-RESPA Integrated Disclosure rule were finalized in late January. These changes are effective Aug. 1, 2015.
ELECTRONIC DBO FILING
updated 01/16/15 04:35 PM
TIPs Bulletins; Cuban Asset Reg.
The Department of Business Oversight (DBO) has standardized electronic forms for weekly and quarterly reporting of local agency deposits and securities, allowing financial institutions to submit their weekly reports to the DBO electronically rather than through the U.S. mail. This change was made possible by Assembly Bill 2298, which took effect Jan. 1.