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.
Answers to your crucial questions can be less than one business day away. Post your question here, and a talented R&I professional will get back to you quickly! Or if you prefer, call the R&I Hotline to speak directly with our knowledgeable consultants. R&I Hotline: 877-243-5728
Continue for Ask R&I
|January 16, 2015|
|TIPs Bulletin #15-02||2015 Information Returns and Disclosures|
|January 15, 2015|
|TIPs Bulletin #15-01||Important Reminder: Limitation on Credit Card / Unsecured Open-end Credit Late Fees (CA Financial Code 4001)|
|December 31, 2014|
|TIPs Bulletin #14-35||Truth in Lending (Regulation Z) Adjustment to Asset-Size Exemption Threshold for Escrow Accounts for Higher-priced Mortgages|
|TIPs Bulletin #14-34||Home Mortgage Disclosure (Regularion C) Adjustment to Asset-Size Exemption Threshold|
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.
To address U.S. and Mexican law enforcement’s concerns about potential misuse of exemptions and incomplete or inaccurate reports filed by armored car services (ACS) and other common carriers of currency, FinCEN has issued a Geographic Targeting Order (GTO) that requires enhanced cash reporting by these businesses at the San Ysidro and Otay Mesa Ports of Entry in California.
FinCEN also issued updated guidance concerning detailed and proper filing of Currency and Monetary Instrument Reports (CMIRs), which are filed when $10,000 or more in currency is moved across the U.S. border.
TILA-RESPA Integrated Disclosures Webcast
Credit union professionals can join other participants on Aug. 26 at 11 a.m. (Pacific) for the second in a series of discussions on the TILA-RESPA Integrated Disclosures rule (Truth In Lending/Real Estate Settlement Procedures Act).
This Aug. 26 session will focus on addressing specific questions related to rule interpretation and implementation challenges that have been raised to the Bureau by creditors, mortgage brokers, settlement agents, software developers, and other stakeholders. Future sessions will continue to address specific questions and challenges. The CFPB anticipates a substantial volume of compliance and interpretive questions during implementation, and plans to use these webinars to consolidate and address these questions in a way that promotes consistent understanding of the rules and provides a resource that stakeholders may reference.
The first webcast session was presented by the CFPB on June 17, and provided an overview of the final rule and the new disclosures. Click here to access a recording of the first webinar.
TILA-RESPA RULE CHANGES FINALIZED
updated 01/26/15 04:27 PM
Plus, FinCEN Issues New SAR Stats
Proposed amendments by the Consumer Financial Protection Bureau (CFPB) to the TILA-RESPA Integrated Disclosure rule were finalized in late January. These changes are effective Aug. 1, 2015.
ELECTRONIC DBO FILING
updated 01/16/15 04:35 PM
TIPs Bulletins; Cuban Asset Reg.
The Department of Business Oversight (DBO) has standardized electronic forms for weekly and quarterly reporting of local agency deposits and securities, allowing financial institutions to submit their weekly reports to the DBO electronically rather than through the U.S. mail. This change was made possible by Assembly Bill 2298, which took effect Jan. 1.