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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.
     
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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.

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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
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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
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
   
June 10, 2014
TIPs Bulletin #14-11 Interim Rule - Exchange of Mutilated Paper Currency
   
 
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

LEAGUES POST NEW 'TIPs' BULLETINS
updated 12/02/13 01:34 PM
Also, NCUA Resources for CUs
New TIPs Bulletins (Technical Information and Procedures) have been posted regarding a new homeowner's counseling list, Regulations Z and M exemption threshold adjustments, and liquidity and contingency funding plans.

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.

 
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TIPs, FinCEN PUB, HANDBOOK UPDATE
updated 07/21/14 12:44 PM
The Latest in Compliance
A new TIPs Bulletins (Technical Information and Procedures) has been posted by the California and Nevada Credit Union Leagues on Canada’s anti-SPAM legislation, which went into effect July 1 and is similar to the U.S. government’s CAN-SPAM Act of 2003.

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CFPB ISSUES INTERPRETIVE RULING
updated 07/14/14 03:48 PM
'Ability to Repay' Discussed
The Consumer Financial Protection Bureau (CFPB) has issued an interpretive rule to clarify that when a borrower dies, the name of the borrower’s heir generally may be added to the mortgage without triggering the bureau’s Ability-to-Repay Rule.

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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.