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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.
Institutions subject to Consumer Financial Protection Bureau (CFPB) jurisdiction, including credit unions and indirect auto lenders, should take steps to ensure they are operating in compliance with the Equal Credit Opportunity Act (ECOA) and Regulation B as applied to dealer-markup and compensation policies.
Click here to read the entire Asked and Answered column within the April/May edition of Credit Union Digest on page 20.
Fair Lending Exam Update
The Credit Union National Association (CUNA) Compliance Blog has posted valuable information on the National Credit Union Administration’s (NCUA) fair lending examinations.
The agency completed 41 off-site supervision contacts last year and plans to complete approximately 50 off-site supervision contacts in 2014.
NCUA has implemented a risk-focused approach to conducting on-site examinations and off-site supervision contacts. Examinations include a transactional review of fair lending risk factors, plus a review of the credit union’s fair lending compliance management system.
Examination focal points and contact scoping are based on multiple factors, including Home Mortgage Disclosure Act (HMDA) reporting outliers and violations identified in safety and soundness examinations, or through the complaint process. Supervision contacts also review a credit union’s fair lending compliance management system.
Click here for more information and resources.
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?