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|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)|
|December 31, 2014|
|TIPs Bulletin #14-35||Truth in Lending (Regulation Z) Adjustment to Asset-Size Exemption Threshold for Escrow Accounts for Higher-priced Mortgages|
|TIPs Bulletin #14-34||Home Mortgage Disclosure (Regularion C) Adjustment to Asset-Size Exemption Threshold|
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.
Changes to IRS Form W-9
TIPs Bulletin 13-42 examines new instructions and changes when using IRS Form W-9 (Request for Taxpayer Identification Number and Certification, and instructions), as well as additional details, new exemption codes, and the W-9 form's modified certification statement.
California Unclaimed Property Holder Notice Reports
TIPs Bulletin 13-41 looks at state Unclaimed Property Holder Notice Reports due to the state controller's office (before Nov. 1, 2013) for accounts and property with no activity for the past three years, and summarizes the reporting process.
California Minimum Wage Increases
TIPs Bulletin 13-40 spotlights the recently passed Assembly Bill 10, which states that the minimum wage for all industries will be no less than $9 per hour as of July 1, 2014, and increasing to $10 per hour by Jan. 1, 2016.
2013 Mortgage Rule Revisions/Clarifications
TIPs Bulletin 13-39 highlights finalized corrections, clarifications, and amendments to the Consumer Financial Protection Bureau's (CFPB) Ability-to-Repay and mortgage servicing rules.
New $100 Bill
The Federal Reserve began supplying financial institutions with a redesigned $100 note today that incorporates new security features to deter counterfeiters and help businesses and consumers tell whether a note is genuine.
"Distance, demand, and the policies of individual financial institutions will influence how quickly the redesigned notes reach businesses and consumers around the world," the Fed said in a statement.
InfoSight Weekly Newsletter
Don't forget to read the InfoSight Weekly Newsletter on a regular basis to catch up on current research and compliance issues. InfoSight is your online compliance guide, giving you resources available 24 hours, 7 days a week as part of your League membership.
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.
NCUA SUPERVISORY PRIORITIES FOR 2015
updated 01/13/15 09:35 AM
Additional MSB Guidance
The National Credit Union Administration (NCUA) sent a letter to federally-insured credit unions on its supervisory priorities for 2015. The letter is intended to assist credit unions in preparation for 2015 examinations.