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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|January 16, 2015|
|TIPs Bulletin #15-02||2015 Information Returns and Disclosures|
|January 15, 2015|
|TIPs Bulletin #15-01||Important Reminder: Limitation on Credit Card / Unsecured Open-end Credit Late Fees (CA Financial Code 4001)|
|December 31, 2014|
|TIPs Bulletin #14-35||Truth in Lending (Regulation Z) Adjustment to Asset-Size Exemption Threshold for Escrow Accounts for Higher-priced Mortgages|
|TIPs Bulletin #14-34||Home Mortgage Disclosure (Regularion C) Adjustment to Asset-Size Exemption Threshold|
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 13-55 looks at the Federal Financial Institution Examination Council’s (FFIEC) final guidance on the applicability of consumer protection and compliance laws, regulations, and policies on activities conducted via social media by banks, savings associations, and credit unions, as well as non-bank entities that are supervised by the Consumer Financial Protection Bureau (CFPB).
TIPs Bulletin 13-56 reviews a final rule issued jointly by federal financial regulators that creates exemptions from certain appraisal requirements for a subset of higher-priced mortgage loans. These exemptions are intended to save borrowers time and money while still ensuring the loans are financially sound.
TIPs Bulletin 13-57 examines the National Credit Union Administration’s (NCUA) final rule to amend its credit union service organization (CUSO) regulation that the agency says will increase transparency and address certain safety and soundness concerns.
TIPs Bulletin 13-58 analyzes the Housing and Urban Development agency’s (HUD) new qualified mortgage rule and definition, which supersede the CFPB’s rule with respect to loans insured, guaranteed, or administered by HUD.
TIPs Bulletin 13-59 delves into the Home Ownership and Equity Protection Act’s “fee trigger” being changed to $1,000, which will be adjusted annually thereafter.
Both reports give a key snapshot of the national economy, key performance data and ratios on California and Nevada credit unions, and national-versus-state comparisons.
For Your Board Packets and ALM Meetings
Credit unions are encouraged to access the valuable economic and credit union data the California and Nevada Credit Union Leagues offer to supplement board meeting packets and asset/liability management meetings.
The following materials are posted every month by Leagues Chief Economist Dwight Johnston: Monthly Commentary, Current Interest Rate Forecast, and Economic Data.
ELECTRONIC DBO FILING
updated 01/16/15 04:35 PM
TIPs Bulletins; Cuban Asset Reg.
The Department of Business Oversight (DBO) has standardized electronic forms for weekly and quarterly reporting of local agency deposits and securities, allowing financial institutions to submit their weekly reports to the DBO electronically rather than through the U.S. mail. This change was made possible by Assembly Bill 2298, which took effect Jan. 1.
NCUA SUPERVISORY PRIORITIES FOR 2015
updated 01/13/15 09:35 AM
Additional MSB Guidance
The National Credit Union Administration (NCUA) sent a letter to federally-insured credit unions on its supervisory priorities for 2015. The letter is intended to assist credit unions in preparation for 2015 examinations.