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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|
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 14-07 reviews the National Credit Union Administration’s (NCUA) new derivatives rule, which permits federally chartered credit unions to engage in limited derivatives activities for the purpose of mitigating interest rate risk. However, the rule includes a provision affecting federally insured credit unions, as well as a provision impacting the responsibilities of supervisory committee auditing.
TIPs Bulletin 14-06 highlights the NCUA’s final rule amendment to clarify that federal credit unions are authorized to create and fund a charitable donation account—a hybrid charitable and investment vehicle—as an activity incidental to the business for which the credit union is chartered, provided the account is primarily charitable in nature and meets other regulatory conditions to ensure safety and soundness. The final rule amends parts 703 and 721 of the NCUA Rules and Regulations.
InfoSight Checklists: A Useful Tool
As a reminder, InfoSight contains all kinds of checklists (see below) that are beneficial to credit unions. If you aren’t signed up for InfoSight or haven’t visited this useful resource in a while, log in sometime soon!
If you’re not subscribed to InfoSight, click here to request access (for California credit unions). Nevada credit unions can click here. (InfoSight is a League-member benefit, so League membership is required)
CFPB Issues Consumer Publications
The Consumer Financial Protection Bureau (CFPB) recently announced the availability of three revised consumer publications, including an information brochure and two booklets required under the Real Estate Settlement Procedures Act (RESPA) or the Truth in Lending Act (TILA):
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.
NEW EMPLOYMENT LAWS FOR 2015
updated 11/21/14 04:33 PM
Also, TIPs Bulletin Posted
The California Chamber of Commerce has released a list of new employment laws scheduled to take effect in 2015 or earlier that will have an impact on businesses in California.