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.
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.
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.