Compliance

Agency issues final rule to require most private-sector employers to notify employees of their rights under the National Labor Relations Act. READ MORE

The Federal Reserve released a compliance guide that includes FAQs about the Electronic Fund Transfer Act. READ MORE

Don't file Suspicious Activity Reports without questioning the decision-making process leading to them. READ MORE

The pace, complexity, and timing of today's regulatory changes are unprecedented, requiring CUs to rethink how they do business. READ MORE

Stand up for your point of view when you face disagreements with your examiners and regulators. READ MORE

For many reasons, Donovan says it's unlikely Congress will put CUs' tax status on the table. READ MORE

The Dodd-Frank Act amended FCRA to require CUs to disclose that a credit score was used in taking any adverse employment action. READ MORE

NCUA has instructed examiners to begin sharing CAMEL ratings with federally-insured, state-chartered credit unions during all on-site insurance reviews and supervision contacts. READ MORE

Since the Federal Reserve issued its final rules on interchange fees, some financial institutions have eliminated free checking to recoup lost income. READ MORE

The Dodd-Frank Act amended the Electronic Fund Transfer Act by adding Section 920 regarding interchange transaction fees and rules for debit card transactions. READ MORE

NCUA’s Office of Small Credit Union Initiatives (OSCUI) is offering yet another free webinar.  This webinar will discuss how collaboration can help Credit Unions compete and offer greater value to their members.   NCUA’s OSCUI typically fosters development for small, new and low income designation credit unions; however, this webinar is open to credit unions of [...]

Given the volume and complexity of the CFPB’s new mortgage rules related to Reg Z and Reg X, we haven’t focused much on the new Reg B appraisal rule. However, we are seeing some confusion with the timing requirements, so here is some information that hopefully clarifies the timing. The rule generally provides that a [...]

In January you were shocked at the sheer volume of mortgage rules.  From February through May you attended trainings, read summaries, or read the actual rules and began to understand them.  Now that you understand them, you know how difficult and time-consuming implementation of the new rules will be; and, now that summer is in full [...]