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|
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.
Rural and Underserved Counties, and Federal Benefit Payment Garnishments
TIPs Bulletin 13-34 examines how the CFPB has posted an updated list of counties determined to be rural or underserved for purposes of applying several regulatory provisions in 2014.
TIPs Bulletin 13-33 provides details on how the Treasury Department, Social Security Administration, Veterans Affairs Department, Railroad Retirement Board, and Office of Personnel Management have issued a final rule revising the procedures that credit unions and other financial institutions must follow when a garnishment order has been received against an account containing certain protected federal benefit payments that have been direct deposited.
Loan Participation Effective Date Pushed Back
The National Credit Union Administration (NCUA) announced a new effective date (Sept. 23) for its final rule on loan participations, which will give credit unions flexibility to adequately prepare for the rule's changes. The original effective date was July 25.
The NCUA approved the loan participation rule at last month's open board meeting, which the Leagues' TIPs Bulletin 13-32 discusses in detail.
Mortgage Rules Readiness Guide Released
The CFPB has released its first version of the 2013 Dodd-Frank Mortgage Rules Readiness Guide. The guide is published to:
CFPB ISSUES FINAL 'TILA' ADJUSTMENTS
updated 08/19/14 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.
TIPs: MASTERCARD ZERO LIABILITY RULE
updated 08/12/14 10:29 AM
InfoSight Survey, FinCEN Advisory
The California and Nevada Credit Union Leagues have published TIPs Bulletin 14-15 (Technical Information and Procedures Bulletin), which addresses how MasterCard is revising its zero-liability rule in the United States by simplifying the language and applying the rule to all MasterCard-branded POS and ATM transactions (PIN-based).