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|November 20, 2014|
|TIPs Bulletin #14-27||Annual Regulation D Reserve Adjustments|
|October 30, 2014|
|TIPs Bulletin #14-26||FinCEN Issues Geographic Targeting Order Covering the Los Angeles Fashion District and an Administrative Ruling on the Application of FinCEN Regulations to Currency Transporters|
|TIPs Bulletin #14-25||AB 1522 Paid Sick Days|
|October 29, 2014|
|TIPs Bulletin #14-24||CFPB Finalizes Changes to Annual Federal Privacy Notice|
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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:
ANNUAL FED WEBINAR ON REGS, GUIDANCE
updated 11/21/14 10:32 AM
Also, FinCEN Issues Advisories
Senior staff at the Federal Reserve will host an annual webinar to provide a recap of recent regulatory changes and highlight various inter-agency guidance. The webinar will also discuss current hot topics in the financial services industry and give a glimpse of future regulatory changes.
TILA-RESPA WEBINAR: DISCLOSURE FORM
updated 11/10/14 01:07 PM
Also, TIPs Bulletins Posted
Is your credit union ready for the new TILA-RESPA Integrated Disclosure rule?