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Do you have a compliance champion at your credit union? Are you proud of the work your credit union is doing to achieve its compliance…
Hood, Harper Confirmed by Senate for NCUA Board
Last week, the Senate voted to confirm Rodney Hood and Todd Harper to serve on the NCUA board, giving NCUA a full three-person board for the…
Congress, Administration Must Address Data Privacy in a Meaningful Way
CUNA wrote to the House Energy and Commerce Committee in support of new federal protections regarding the use and security of data held by businesses and…
Compliance News: Checklist Consolidates Final Rules & Regs from 2018
CUNA’s 2018 Year-in-Review Checklist was released last week to consolidate resources and information available on the finalized rules and regulations that occurred during calendar year…
Pot Banking Goes to Washington: 3 Takeaways
With legal hurdles for financial institutions to serve marijuana businesses under the spotlight in Congress, two things are clear: Members of both parties want to…
Wipfli/Macpage Offers List of Recommendations to Comply with NCUA Priorities
NCUA recently published its annual list of supervisory priorities for the upcoming exam cycle, and to help their clients prepare with these priorities, Wipfli/Macpage developed a checklist…
CFPB Increases 2019 Asset-Size Thresholds for HMDA Reporting & Small Creditor Status
The CFPB announced increases to the maximum asset-size of credit unions exempt from collecting Home Mortgage Disclosure Act (Regulation C) data in 2019. It also raised…
New Business Mileage Rate for 2019
The Internal Revenue Service has raised the business mileage rate to 58 cents per mile effective January 1, 2019.
Legislation Will Address Multiple-Party Account Opening Procedures
Last year, the Maine Legislature enacted legislation (LD 968) that changes how financial institutions open multiple-party accounts. Recognizing that our members need additional time to comply…
League and Synergent Leading Efforts to Help Credit Unions Comply with New State Regulation
Earlier this year, the Maine Legislature passed LD 968, which makes changes to the state’s banking code. The changes will impact credit union operations as they…
Compliance: Reg. CC Rule Includes Presumption of Alteration
The Federal Reserve has published a final rule amending subpart C of Regulation CC (Availability of Funds and Collection of Checks) to address check alteration…
New Federal Law Allows Consumers to Place Free Credit Freezes and Year-Long Fraud Alerts
Consumers who are concerned about identity theft or data breaches can now freeze their credit and place one-year fraud alerts for free. The new law also…