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|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|
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.
TIPs Bulletin 13-50 gives a glimpse into the National Credit Union Administration (NCUA) board's issuance of a final rule amending Part 741 of the NCUA Rules and Regulations. The final rule sets varying requirements for liquidity and contingency funding management for credit unions under $50 million in assets, between $50 - $249 million, and more than $250 million.
TIPs Bulletin 13-51 spotlights the Federal Reserve Board (FRB) and Consumer Financial Protection Bureau's (CFPB) recent announcement of increases in the dollar thresholds in Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing) for exempt consumer credit and lease transactions—effective Jan. 1, 2014.
TIPs Bulletin 13-52 looks at the CFPB's 2013 final rule on the Home Ownership and Equity Protection Act (HOEPA), which implemented a requirement of the Dodd-Frank Wall Street Reform and Consumer Protection Act that consumers receive a list of homeownership counseling organizations after they apply for a mortgage so they know where to get help when deciding what loan is best for them. The CFPB has launched a tool to help consumer’s find local housing counseling agencies to answer their questions or address their concerns.
NCUA Resources for Credit Unions
Credit unions are encouraged to access the following recently issued information and resources from the NCUA:
Resources for Complying With CFPB Mortgage Rules
The Credit Union National Association's (CUNA) Compliance Resources webpage offers a one-stop shop for assisting credit unions in complying with the CFPB's new mortgage lending regulations. A summary of what each of the CFPB's new mortgage regulations address, and which types of mortgage loans are covered by these regulations, is available on this site.
ANNUAL FED WEBINAR ON REGS, GUIDANCE
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.
NEW EMPLOYMENT LAWS FOR 2015
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.