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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Staff from OSCUI and NCUA Region IV's Division of Special Actions will explain the agency’s requirements for a successful member business lending program. Webinar participants will also hear from a credit union business development specialist who will discuss, step-by-step, how to start a safe and sound program.
This webinar is open to credit unions of all asset sizes. Click here to register. Participants will use this same link to log into the webinar. Registrants should allow pop-ups from this website.
Participants may submit questions in advance at WebinarQuestions@ncua.gov. The subject line of the email should read Strategy and Policy. For technical questions about accessing the webinar, email email@example.com.
Common-Bond Advertising Letter Issued
Following the NCUA's Letter to Credit Unions on common bond advertising requirements, federal credit unions with associational memberships are being urged to review their policies and practices, as they do periodically, to ensure their continued compliance with federal regulation.
CUNA is currently working with the NCUA to determine how many federal credit unions offer membership through an association.
The letter, which doesn't apply to state-chartered credit unions, addressed common-bond requirements in the Federal Credit Union Act and NCUA rules; requirements for accuracy of advertising in NCUA rules; and consequences of failing to comply with these requirements.
CFPB Law on Consumer Report 'Furnishers'
Companies—including credit unions, which supply information to credit rating companies—are being reminded by the Consumer Financial Protection Bureau (CFPB) of their legal responsibilities when it comes to consumer disputes.
The CFPB is issuing a bulletin targeted at these companies, called "furnishers," making it clear that they are responsible for investigating consumer disputes forwarded by the consumer reporting companies.
The Credit Union National Association (CUNA) is talking with the CFPB about the bulletin and how associated regulatory burdens for credit unions can be minimized.
Click here to view information regarding the Fair Credit Reporting Act's requirement to investigate disputes and review all relevant information provided by consumer reporting agencies about the dispute.
POLICYWORKS MLA UPDATE
updated 08/23/16 07:36 AM
Plus, DoD's Database Info
PolicyWorks, compliance services powered by your League membership, is hosting a Military Lending Act (MLA) Town Hall webinar on Thursday, Aug. 25 to discuss upcoming changes to the rule.
INFOSIGHT SURVEY REQUEST
updated 08/16/16 08:09 AM
Plus, Latest PolicyWorks Newsletter
League InfoSight has issued an annual survey regarding its products (InfoSight, CU PolicyPro and ComplySight), requesting credit unions complete the survey prior to Aug. 26. These survey results will help League InfoSight ensure these compliance products are meeting the needs of credit unions. Click here to access the survey.