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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|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|
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.
'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.
FED'S UPCOMING FAIR LENDING WEBINAR
updated 10/10/14 09:09 PM
Also, Unclaimed Property Workshop
The Federal Reserve Bank of San Francisco is holding a webinar on fair lending issues and hot topics, where representatives from seven federal agencies will discuss a variety of emerging fair lending issues and hot topics.