(please click ad for more information)
Research & Compliance     

LATEST RESEARCH ITEMS OF INTEREST...

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.
     
InfoSight CU PolicyPro Rate Map
 
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
Continue for Ask R&I

 
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
August 8, 2014
TIPs Bulletin #14-15 MasterCard Revised Standards – Limitation of Liability of Cardholders for Unauthorized Use (“Zero Liability”)
   
July 16, 2014
TIPs Bulletin #14-14 Canada’s Anti-SPAM Legislation (CASL) and Its Impact to U.S. Credit Unions
   
June 30, 2014
TIPs Bulletin #14-13 Voluntary Liquidation
TIPs Bulletin #14-12 Annual Indexing of HUD’s Basic Statutory Mortgage Limits for Multi-Family Housing Programs
   
 
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

IN FOCUS: WEBSITE PRIVACY DISCLOSURE
updated 10/25/13 03:47 PM
Remittance Procedures Also Published
A deeper look by the California and Nevada Credit Union Leagues into Assembly Bill 370 (AB 370)—a new California law taking effect Jan. 1—gives insight into how credit unions will be affected.

Published by the Leagues' Research and Information staff, TIPs Bulletin 13-44 shows how AB 370 will require any operator of a website or online service that collects personally identifiable information (PII) on California residents to include in its online posted website privacy policy a new disclosure on how the operator responds to web browser Do Not Track signals.

The new disclosure should be a description of how the operator responds to "do-not-track settings" in consumers' browsers. Operators can comply with this disclosure requirement by "providing a clear and conspicuous hyperlink" contained in the privacy policy that links to a description "of any protocol the operator follows that offers the consumer" the choice to opt-out of internet tracking.

If you have any questions, please contact the Research and Information’s toll-free hotline at 877-243-5728.

TIPs Posted Last Week
New TIPs Bulletins (Technical Information and Procedures) have been posted!

TIPs Bulletin 13-45 discusses Assembly Bill 212. This law has lowered the aggregate reporting threshold when reporting escheated property to the State Controller's Office (SCO) from $50 to $25, beginning on July 1, 2014. AB 212 also requires that the Unclaimed Property report that is sent to the Controller must include the name and last known address of each person appearing to be the owner of any property, except traveler’s checks and money orders, worth at least $25 (lowered from $50).

TIPs Bulletin 13-46 outlines the Leagues' understanding from speaking with the California Department of Business Oversight (DBO) regarding its expectations in response to a recent DBO notice. The Oct. 7 notice informs state-licensed banks and credit unions in California of their responsibility to identify and report payment transactions sent through the ACH network that may have been transmitted by unlicensed online payday lenders.

CFPB Publishes Remittance Procedures
The Consumer Financial Protection Bureau (CFPB) has published the procedures it will use in examining institutions that make remittance transfers for consumers.

Additionally, the bureau is releasing eRegulations, an online tool designed to make regulations easier to understand.

The rule, which went into effect Oct. 28, has been subsequently revised to address concerns related to some specific implementation challenges. Click here to access the remittance transfer examination procedures.

Click here for resources on the CFPB’s remittance transfer rule.

Multi-Agency Guidance on QM Fair Lending Risks
Five federal regulatory agencies have issued a statement to address industry questions about fair lending risks associated with offering only Qualified Mortgages.

Creditors have asked for clarity regarding whether the disparate impact doctrine of the Equal Credit Opportunity Act (ECOA) and its implementing regulation, Regulation B, allows them to originate only Qualified Mortgages. For the reasons described in the statement, the five agencies do not anticipate that a creditor’s decision to offer only Qualified Mortgages would, absent other factors, elevate a supervised institution’s fair lending risk.

The statement has been issued by the Board of Governors of the Federal Reserve System, Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corp. (FDIC), National Credit Union Administration (NCUA), and the Office of the Comptroller of the Currency (OCC).

Click here to read the multi-agency statement.

Click here to read NCUA's news release.

 
print   email   share   share   share

CFPB ISSUES FINAL 'TILA' ADJUSTMENTS
updated 08/19/14 11:35 AM
Rule Reviews Dollar Amounts
The Consumer Financial Protection Bureau (CFPB) is issuing its final rule on Truth in Lending Act (TILA) annual threshold adjustments, amending the regulatory text and official interpretations for Regulation Z, which implements TILA.

Click to view the complete story

TIPs: MASTERCARD ZERO LIABILITY RULE
updated 08/12/14 10:29 AM
InfoSight Survey, FinCEN Advisory
The California and Nevada Credit Union Leagues have published TIPs Bulletin 14-15 (Technical Information and Procedures Bulletin), which addresses how MasterCard is revising its zero-liability rule in the United States by simplifying the language and applying the rule to all MasterCard-branded POS and ATM transactions (PIN-based).

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.
Resources
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.