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Research & Compliance     


Research & Compliance

The answers you need—when you need them!
When technical challenges or complex situations arise at your credit union, turn to the Leagues’ Research & Information (R&I) Department. Our mission is to provide technical, compliance, operational, economic, and regulatory information in an understandable and easily accessible way.
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Credit Union Quarterly Performance Report

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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TIPs Bulletins
The Technical Information Procedure (TIPs) bulletins are great tools to help credit union staff understand recent changes in laws and regulations and how they may affect the credit union. TIPs bulletins address current mandatory compliance issues and changes to federal and state regulations. Continue for complete list of current TIPs Bulletins
March 25, 2015
TIPs Bulletin #15-06 Foreign Language Translation Forms Revisions
TIPs Bulletin #15-05 NCUA Issues Warning to Consumers about “National Credit Union” Phishing Scam
January 28, 2015
TIPs Bulletin #15-04 2014 Residential Mortgage Loan Report
TIPs Bulletin #15-03 HMDA/LAR Reports
January 16, 2015
TIPs Bulletin #15-02 2015 Information Returns and Disclosures
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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.

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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.

From the Editors of CU Weekly

updated 10/25/13 03:47 PM
Remittance Procedures Also Published
A deeper look by the California and Nevada Credit Union Leagues into Assembly Bill 370 (AB 370)—a new California law taking effect Jan. 1—gives insight into how credit unions will be affected.

Published by the Leagues' Research and Information staff, TIPs Bulletin 13-44 shows how AB 370 will require any operator of a website or online service that collects personally identifiable information (PII) on California residents to include in its online posted website privacy policy a new disclosure on how the operator responds to web browser Do Not Track signals.

The new disclosure should be a description of how the operator responds to "do-not-track settings" in consumers' browsers. Operators can comply with this disclosure requirement by "providing a clear and conspicuous hyperlink" contained in the privacy policy that links to a description "of any protocol the operator follows that offers the consumer" the choice to opt-out of internet tracking.

If you have any questions, please contact the Research and Information’s toll-free hotline at 877-243-5728.

TIPs Posted Last Week
New TIPs Bulletins (Technical Information and Procedures) have been posted!

TIPs Bulletin 13-45 discusses Assembly Bill 212. This law has lowered the aggregate reporting threshold when reporting escheated property to the State Controller's Office (SCO) from $50 to $25, beginning on July 1, 2014. AB 212 also requires that the Unclaimed Property report that is sent to the Controller must include the name and last known address of each person appearing to be the owner of any property, except traveler’s checks and money orders, worth at least $25 (lowered from $50).

TIPs Bulletin 13-46 outlines the Leagues' understanding from speaking with the California Department of Business Oversight (DBO) regarding its expectations in response to a recent DBO notice. The Oct. 7 notice informs state-licensed banks and credit unions in California of their responsibility to identify and report payment transactions sent through the ACH network that may have been transmitted by unlicensed online payday lenders.

CFPB Publishes Remittance Procedures
The Consumer Financial Protection Bureau (CFPB) has published the procedures it will use in examining institutions that make remittance transfers for consumers.

Additionally, the bureau is releasing eRegulations, an online tool designed to make regulations easier to understand.

The rule, which went into effect Oct. 28, has been subsequently revised to address concerns related to some specific implementation challenges. Click here to access the remittance transfer examination procedures.

Click here for resources on the CFPB’s remittance transfer rule.

Multi-Agency Guidance on QM Fair Lending Risks
Five federal regulatory agencies have issued a statement to address industry questions about fair lending risks associated with offering only Qualified Mortgages.

Creditors have asked for clarity regarding whether the disparate impact doctrine of the Equal Credit Opportunity Act (ECOA) and its implementing regulation, Regulation B, allows them to originate only Qualified Mortgages. For the reasons described in the statement, the five agencies do not anticipate that a creditor’s decision to offer only Qualified Mortgages would, absent other factors, elevate a supervised institution’s fair lending risk.

The statement has been issued by the Board of Governors of the Federal Reserve System, Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corp. (FDIC), National Credit Union Administration (NCUA), and the Office of the Comptroller of the Currency (OCC).

Click here to read the multi-agency statement.

Click here to read NCUA's news release.

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updated 06/30/15 08:42 AM
Plus, Compliance Hotline
The first-quarter 2015 Credit Union Quarterly Performance Reports for California and Nevada are now available from the California and Nevada Credit Union Leagues.

Click to view the complete story

updated 06/23/15 10:12 AM
Also, Overdrafts Still Regulatory Priority
Five federal regulatory agencies including the National Credit Union Administration (NCUA), have approved a final rule that modifies the Homeowner Flood Insurance Affordability Act of 2014 (HFIAA). The final rule applies to loans secured by properties located in special flood hazard areas and implements provisions related to the escrowing of flood insurance payments and the exemption of some detached structures from the mandatory flood insurance purchase requirement. The final rule also implements provisions in the Biggert-Waters Flood Insurance Reform Act of 2012 (the Biggert-Waters Act) relating to the force placement of flood insurance.

Click to view the complete story

D.J.'s Economix
Leagues Chief Economist Dwight Johnston continually provides economic and market analysis that is both informative and entertaining. Continue for daily and monthly commentary, rate forecasts, and economic updates.
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Comment Letters
The Leagues write letters in response to proposed legislation and regulations that affect your credit union’s ability to serve members.