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|March 05, 2014|
|TIPs Bulletin #14-07||New Derivatives Rule|
|February 28, 2014|
|TIPs Bulletin #14-06||Charitable Donation Accounts|
|February 10, 2014|
|TIPs Bulletin #14-05||2013 California Legislative Summaries|
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Click here to read the notice.
Under current law, a person holding funds or escheated property worth at least $50 is required to submit a report to the controller that includes the name and last known address of the owner of any property (except traveler’s checks and money orders). Items valued less than $50 require the nature and identifying number, or a description of any intangible property reported.
AB 212 lowers the aggregate reporting threshold of unclaimed property from $50 to $25. The bill also requires holders to include the name and last known address of the property owner—except traveler’s checks and money orders—if the property is valued at $25 or more.
The bill authorizes the holder to impose a service charge of up to $2 for notices on a deposit, account, shares, or other interest that is valued at more than $2 (lowered from $50).
For more information, view the Leagues' Technical Information and Procedures (TIPs) Bulletin 13-45.
In addition, the controller’s office has issued its winter newsletter, which includes articles on the following topics:
SUCCEED WITH CUNA'S AUDIO UPDATES
updated 04/15/14 09:06 AM
New Pre-Recorded Series
This year is buzzing with compliance proposals coming from the National Credit Union Administration (NCUA), the Consumer Financial Protection Bureau (CFPB), and other agencies, covering topics such as data security and payments.
LIMITING FAIR LENDING RISK IN AUTOS
updated 04/07/14 04:15 PM
Also, NCUA Exam Update
How can credit unions limit their fair lending risk in indirect lending?