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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|Clarissa Martin, Research and Information Consultant for the California and Nevada Credit Union Leagues|
The overall notice consists of two parts: a short notice and a long notice. They should be in the same language as the offer of credit or insurance.
The Fair Credit Reporting Act (FCRA) allows creditors to obtain credit reports for transactions not initiated by the member called “pre-screen offers of credit.” When a credit union engages in pre-screening, it is required to provide a notice to the consumer with their right to opt out of pre-screened solicitations for credit or insurance.
IMPROVE YOUR COMPLIANCE IN 2016
updated 11/24/15 07:46 AM
Informative ComplySight Webinars
Kick off the New Year with ComplySight and make sure your regulatory compliance is at its finest in 2016 and beyond.
NEW FFIEC MGMT. BOOKLET
updated 11/16/15 12:06 PM
NCUA Portal Open to CUs
The Federal Financial Institutions Examination Council (FFIEC) issued a revised Management booklet, as part of the FFIEC Information Technology Examination Handbook (IT Handbook). Click here for the booklet.