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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Compliance Hotline: (844) 731-6072
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The CAN-SPAM Act places restrictions on companies sending commercial electronic messages (CEMs) to people living in Canada.
Although the new anti-spam requirements will apply to U.S. credit unions that send marketing messages to members who reside in Canada, there is a grandfather clause for existing credit union members—and a safe harbor for emails that comply with the CAN-SPAM Act—that should help limit compliance burdens on U.S. credit unions.
For TIPs Bulletin 14-14, click here.
SAR Stats Report
The Financial Crimes Enforcement Network (FinCEN) has released the very first issue of SAR Stats (Suspicious Activity Reporting), the successor publication to By The Numbers.
FinCEN anticipates issuing more periodic updates to SAR data beginning this fall.
Update to Unclaimed Property Holder Handbook
The California State Controller’s Office has made updates to its Unclaimed Property Holder Handbook.
The following sections were updated: aggregate reporting; holder due diligence; and owner detail sheet (UDS-1) instructions.
For questions, contact the Holder Outreach and Compliance Unit at 916-464-6088 or UPDHolderOutreach@sco.ca.gov.
NCUA'S PARTICIPATION LENDING WEBINAR
updated 08/31/15 05:08 PM
Plus, Procedures for Sensitive Info
Credit unions considering participation lending can get valuable information during an upcoming webinar, “Participation Lending in a Safe and Sound Manner,” offered by the National Credit Union Administration (NCUA).
ACCESS COMPLIANCE BULLETINS TODAY
updated 08/24/15 10:09 AM
Plus: 'NCUA Report' Posted
As a reminder, “TIPS Bulletins” have transitioned to PolicyWorks and will continue as compliance bulletins on the PolicyWorks website.