(please click ad for more information)
Research & Compliance     

LATEST RESEARCH ITEMS OF INTEREST...

Compliance

The answers you need—when you need them!
When technical challenges or complex situations arise at your credit union, turn to the Leagues’ PolicyWorks. Our mission is to provide technical, compliance, operational, economic, and regulatory information in an understandable and easily accessible way.
     
InfoSight CU PolicyPro PolicyWorks
 
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 PolicyWorks

Answers to your crucial questions can be less than one business day away. Post your question here, and a talented compliance professional will get back to you quickly! Or if you prefer, call the PolicyWorks compliance hotline to speak directly with our knowledgeable consultants.
Compliance Hotline: (844) 731-6072
Continue for Ask PolicyWorks

 
From the Editors of CU Weekly

RENEW YOUR CU's NMLS RECORDS
updated 12/09/13 04:52 PM
Dec. 31 Deadline Approaching
Credit unions subject to the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) are encouraged to renew their Nationwide Mortgage Licensing System (NMLS) records.

The SAFE Act requires residential mortgage loan originators who are employees of agency-regulated institutions to be registered with the NMLS Registry. The law generally prohibits employees of agency-regulated institutions from originating residential mortgage loans unless they register with the registry.

All institutions managing registered mortgage loan originators (MLOs) are required to renew their NMLS records each year. Registrations not renewed before year-end must be reactivated in order to be in an active status on the NMLS system.

The NMLS Annual Renewal Period begins Nov. 1 and ends Dec. 31 each year. According to federal regulations, both institutions and most individual MLOs must be renewed through NMLS annually.

If the renewal process is not completed prior to Dec. 31st, the MLO will have an "inactive" registration status both in NMLS and on NMLS Consumer Access. Inactive registrations must be reactivated in order to have an "active" registration status.

Click here for more information and instructions.

 
print   email   share   share   share

NEW SPANISH TILA-RESPA TOOLKIT
updated 07/28/15 09:18 AM
Plus, Unclaimed Property Seminar
The Consumer Financial Protection Bureau (CFPB) has released a Spanish edition of “Your Home Loan Toolkit,” the consumer guide that is designed to replace the current Settlement Cost booklet when the TILA-RESPA Integrated Disclosures rule goes into effect on Oct. 3.

Click to view the complete story

POLICYWORKS LEAGUE COMPLIANCE SITE
updated 07/21/15 08:59 AM
League Member-Exclusive Content
The PolicyWorks League members’ only website provides member credit unions with ongoing compliance support as benefit of League membership. The website houses a library of compliance information and communications to assist credit unions with their compliance needs.

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.