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Research & Compliance     


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California & Nevada

Research & Compliance

The answers you need—when you need them!
When technical challenges or complex situations arise at your credit union, turn to the Leagues’ Research & Information (R&I) Department. Our mission is to provide technical, compliance, operational, economic, and regulatory information in an understandable and easily accessible way.
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Credit Union Quarterly Performance Report

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.

Ask R&I

Answers to your crucial questions can be less than one business day away. Post your question here, and a talented R&I professional will get back to you quickly! Or if you prefer, call the R&I Hotline to speak directly with our knowledgeable consultants. R&I Hotline: 877-243-5728
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TIPs Bulletins
The Technical Information Procedure (TIPs) bulletins are great tools to help credit union staff understand recent changes in laws and regulations and how they may affect the credit union. TIPs bulletins address current mandatory compliance issues and changes to federal and state regulations. Continue for complete list of current TIPs Bulletins
November 20, 2014
TIPs Bulletin #14-27 Annual Regulation D Reserve Adjustments
October 30, 2014
TIPs Bulletin #14-26 FinCEN Issues Geographic Targeting Order Covering the Los Angeles Fashion District and an Administrative Ruling on the Application of FinCEN Regulations to Currency Transporters
TIPs Bulletin #14-25 AB 1522 Paid Sick Days
October 29, 2014
TIPs Bulletin #14-24 CFPB Finalizes Changes to Annual Federal Privacy Notice
CURoots Services

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.

From the Editors of CU Weekly

updated 08/13/13 08:17 AM
CURoots Services Can Help
The remaining 2013 audit calendar is filling up, so book your audits and risk assessments with CURoots Services today!

CURoots Services can help with your credit union's audits and risk assessments, including Bank Secrecy Act (BSA)/Office of Foreign Assets Control (OFAC) audits, Secure and Fair Enforcement for Mortgage Licensing (SAFE) Act audits, Automated Clearing House (ACH) audits, and Fair and Accurate Credit Transactions Act (FACTA) Red Flags risk assessments.

CURoots Services can also assist with several other internal audit needs, such as:

  • Management Control Audits and Reviews, including Dormant Account Audit, Branch Audit, Cash Control Audit, Closed Account Audit, Loan Review, File Maintenance and Supervisory Override Review, Employee Account Review, General Ledger (GL) Reconciliation Review, Call Report Review, and many others.
  • Full-scope audits of individual departments and functions of your credit union.

Avoid stress later by lining up the rest of your 2013 audits in advance. Let CURoots Services handle the details!

Contact Rita Fillingane—vice president of research and collaboration for the California and Nevada Credit Union Leagues—at 909.212.6055 or ritaf@ccul.org; or Jerry Carter, audit services manager for CURoots Services, at 909.214.4993 or jcarter@curoots.coop.

Remittance Transfer Rule Updates
The Consumer Financial Protection Bureau (CFPB) has released an update of its small business guide regarding the international electronic money transfers rule (remittance rule).

This updated guide reflects the most recent changes to the rule and will make it easier to understand the requirements, which will take effect on Oct. 28, 2013. Although the guide is not a substitute for the rule, it highlights issues that businesses—in particular, small businesses and those that work with them—should consider while implementing the new requirements.

Along with the guide, the CFPB has posted a video that gives an overview of the rule, recent changes, and the bureau's responses to questions raised regarding interpretation and implementation.

These versions of the guide and video replace versions released in late 2012.

New TIPs Bulletin Posted
A new TIPs Bulletins published by the California and Nevada Credit Union Leagues have been posted on the Leagues' website regarding clarifications and revisions to the CFPB's 2013 mortgage rules (Ability-to-Repay and mortgage servicing rules).

TIPs Bulletin #13-39 explains how the rule amends some of the final mortgage rules issued by the CFPB in January.

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updated 11/21/14 10:32 AM
Also, FinCEN Issues Advisories
Senior staff at the Federal Reserve will host an annual webinar to provide a recap of recent regulatory changes and highlight various inter-agency guidance. The webinar will also discuss current hot topics in the financial services industry and give a glimpse of future regulatory changes.

Click to view the complete story

updated 11/21/14 04:33 PM
Also, TIPs Bulletin Posted
The California Chamber of Commerce has released a list of new employment laws scheduled to take effect in 2015 or earlier that will have an impact on businesses in California.

Click to view the complete story

D.J.'s Economix
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.
Scroll through a variety of practical resources to help with BSA, compensation, compliance, disaster preparedness, regulatory exams, and more.
Comment Letters
The Leagues write letters in response to proposed legislation and regulations that affect your credit union’s ability to serve members.