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Research & Compliance     

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Research & Compliance

The answers you need—when you need them!
When technical challenges or complex situations arise at your credit union, turn to the Leagues’ Research & Information (R&I) Department. Our mission is to provide technical, compliance, operational, economic, and regulatory information in an understandable and easily accessible way.
     
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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.

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Answers to your crucial questions can be less than one business day away. Post your question here, and a talented R&I professional will get back to you quickly! Or if you prefer, call the R&I Hotline to speak directly with our knowledgeable consultants. R&I Hotline: 877-243-5728
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TIPs Bulletins
The Technical Information Procedure (TIPs) bulletins are great tools to help credit union staff understand recent changes in laws and regulations and how they may affect the credit union. TIPs bulletins address current mandatory compliance issues and changes to federal and state regulations. Continue for complete list of current TIPs Bulletins
October 15, 2014
TIPs Bulletin #14-23 SB 1050—Notaries Public: Verification of Identity: New Boxed Notice Required
 
October 1, 2014
TIPs Bulletin #14-22 Assembly Bill 2293 – Mandates Baseline Insurance Requirements for Transportation Network Companies
TIPs Bulletin #14-21 California Unclaimed Property Holder Notice Reports Coming Due
TIPs Bulletin #14-20 Assembly Bill 2742 – Revised Model Language for California Consumer Caution and Home Ownership Counseling Notice
   
September 23, 2014
TIPs Bulletin #14-19 AB-1858 Change to Financing Statement
   
September 18, 2014
TIPs Bulletin #14-18 Reg Z and Reg M Exemption Threshold Adjustments
   
 
CURoots Services

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.


From the Editors of CU Weekly

UNCLAIMED PROPERTY NOTICE ISSUED
updated 02/03/14 12:40 PM
Aggregate Reporting Threshold Lowered
The California State Controller’s Office has issued a notice detailing important updates regarding the new Unclaimed Property Law—Assembly Bill 212 (AB 212)—effective July 1, 2014.

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:

  • Changes to Unclaimed Property Law—Aggregate Reporting
  • Legislative Updates
  • Holder Alert: Letters from Investigators
  • Did You Discover Additional Property
  • Look for Holder Remit Reminder Letters
  • The State Controller's Office Performs Due Diligence

 
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FinCEN: QUARTERLY UPDATE ON 'SARs'
updated 10/27/14 03:09 PM
Also, Mortgage Service Transfer Guidance
The Financial Crimes Enforcement Network (FinCEN) has issued its SAR Stats quarterly update, which provides information on Suspicious Activity Reports (SARs) filed through Sept. 30, 2014.

Click to view the complete story

'NMLS' RENEWAL PERIOD BEGINS NOV. 1
updated 10/17/14 01:01 PM
Guidance for Mortgage Loan Originators
The Nationwide Mortgage License Servicing and Registry (NMLS) annual renewal period begins Nov. 1 and ends Dec. 31, where mortgage loan originator registrants must renew their registrations annually, according to federal regulations.

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.