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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|July 16, 2014|
|TIPs Bulletin #14-14||Canada’s Anti-SPAM Legislation (CASL) and Its Impact to U.S. Credit Unions|
|June 30, 2014|
|TIPs Bulletin #14-13||Voluntary Liquidation|
|TIPs Bulletin #14-12||Annual Indexing of HUD’s Basic Statutory Mortgage Limits for Multi-Family Housing Programs|
|June 10, 2014|
|TIPs Bulletin #14-11||Interim Rule - Exchange of Mutilated Paper Currency|
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.
The templates are easily edited and implemented based on your credit union's unique requirements, and are fully compliant with National Credit Union Administration (NCUA) regulations.
CU PolicyPro features:
And, as a reminder: CU PolicyPro now includes in its suite of templates, policies that address the new Mortgage Servicing Rule and the Ability to Repay Rule which took effect in January. This includes policies that address general requirements and others that address small creditor requirements.
If you haven’t logged into CU PolicyPro to review these new mortgage model policies and the many other model polices that are in CU PolicyPro, take some time to do so by clicking here.
New Liquidity Requirements
New regulatory requirements associated with the National Credit Union Administration’s (NCUA) final rule on Liquidity and Contingency Funding Plans (Part 741.12) become effective on March 31. These new requirements will apply to all federally insured credit unions.
NCUA has released Supervisory Letter 14-03, which provides federally-insured credit unions helpful information regarding the exam process with respect to the new liquidity and contingency funding rules. The supervisory letter accompanies the release of the portion of the AIRES Questionnaire that has been added to cover the new liquidity and contingency funding rules.
In addition, NCUA’s Letter to Credit Unions 13-CU-10 also contained guidance on how to comply with the liquidity and contingency funding rules.
NCUA ‘Listening Session’
The Leagues also encourage credit unions to register for NCUA Chairman Debbie Matz’s June 26 Listening Session in Los Angeles. Due to space constraints, registration is limited to 150 people.
CHANGES TO REG C PROPOSED ON HMDA
updated 07/29/14 10:20 AM
Comments Due Oct. 22
The Consumer Financial Protection Bureau (CFPB) has proposed changes to Regulation C, which implements the Home Mortgage Disclosure Act and is inviting financial institutions to comment on the proposed rule.
TIPs, FinCEN PUB, HANDBOOK UPDATE
updated 07/21/14 12:44 PM
The Latest in Compliance
A new TIPs Bulletins (Technical Information and Procedures) has been posted by the California and Nevada Credit Union Leagues on Canada’s anti-SPAM legislation, which went into effect July 1 and is similar to the U.S. government’s CAN-SPAM Act of 2003.