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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|August 8, 2014|
|TIPs Bulletin #14-15||MasterCard Revised Standards – Limitation of Liability of Cardholders for Unauthorized Use (“Zero Liability”)|
|July 16, 2014|
|TIPs Bulletin #14-14||Canada’s Anti-SPAM Legislation (CASL) and Its Impact to U.S. Credit Unions|
|June 30, 2014|
|TIPs Bulletin #14-13||Voluntary Liquidation|
|TIPs Bulletin #14-12||Annual Indexing of HUD’s Basic Statutory Mortgage Limits for Multi-Family Housing Programs|
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The following most recent TIPs Bulletins are just a few that have been released within the past couple of months, along with respective effective dates for upcoming rules:
INVESTMENT AND DEPOSIT ACTIVITIES
TIPs Bulletin 13-23 gives detailed information on how the National Credit Union Administration (NCUA) board has amended Part 703 to allow federal credit unions to purchase Treasury Inflation Protected Securities (TIPS). TIPS will provide federal credit unions with an additional investment portfolio risk management tool that can be useful in an inflationary economic environment.
ALTERNATIVES TO USING CREDIT RATINGS
TIPs Bulletin 13-22 shows how the NCUA issued a final rule implementing certain statutory requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act that pertain to using credit ratings to assess credit worthiness of a security or money market instrument.
REQUIRED LOBBY NOTICES AND STATEMENTS
TIPs Bulletin 13-21 reflects on how Required Lobby Notices and Statements information hasn't been sent out for some time. Regulatory compliance for required signs and posters should be reviewed annually. Of note is the change to the signage for the Equal Housing Lender poster to NCUA’s Office of Consumer Protection.
EXCEPTION ISSUED ON REMITTANCE RULE
updated 08/25/14 09:28 PM
CUs Can Estimate Fees
A final rule issued by the Consumer Financial Protection Bureau (CFPB) extends a temporary exception to its remittance transfer rule that allows credit unions and other depository institutions to estimate certain remittance pricing disclosures when specific pricing information is not available.
CFPB ISSUES FINAL 'TILA' ADJUSTMENTS
updated 08/24/14 11:35 AM
Rule Reviews Dollar Amounts
The Consumer Financial Protection Bureau (CFPB) is issuing its final rule on Truth in Lending Act (TILA) annual threshold adjustments, amending the regulatory text and official interpretations for Regulation Z, which implements TILA.