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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|September 5, 2014|
|TIPs Bulletin #14-17||CFPB Publishes 2015 HOEPA and CARD Act Adjustments|
|August 8, 2014|
|TIPs Bulletin #14-16||CA Local Agency Deposits Weekly Reports Can Be Submitted Electronically|
|August 8, 2014|
|TIPs Bulletin #14-15||MasterCard Revised Standards – Limitation of Liability of Cardholders for Unauthorized Use (“Zero Liability”)|
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.
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:
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 email@example.com; or Jerry Carter, audit services manager for CURoots Services, at 909.214.4993 or firstname.lastname@example.org.
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.
2Q CU PERFORMANCE REPORTS PUBLISHED
updated 09/18/14 12:29 PM
California and Nevada Snapshot
The second-quarter 2014 Credit Union Quarterly Performance Reports for California and Nevada have been published by the California and Nevada Credit Union Leagues.
FinCEN ISSUES TRAFFICKING ADVISORY
updated 09/12/14 01:36 PM
Third Disclosure Webinar Announced
The Financial Crimes Enforcement Network (FinCEN) has issued an advisory to financial institutions on recognizing “red flags” that may indicate financial activity related to human smuggling or human trafficking.