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NCUA Actions, President’s Order, FHFA, FinCEN, and HMDA

The National Credit Union Administration (NCUA) Board has issued one proposed rule and one interim final rule (IFR).

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AB 2501, CA Consumer Law, PPP, and Congressional Update

As the California Credit Union League remains committed to defeating Assembly Bill 2501 and protecting credit unions at all cost, the League worked to get the bill added to the Cal Chambers’ infamous Job Killer list. The annual list includes the worst of the worst when it comes to bills that will harm employers, and bills that are deemed a “job killer” have traditionally faced a steep uphill battle.

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Interagency Lending Principles for Offering Responsible Small-Dollar Loans

The federal financial institution regulatory agencies issued principles for offering small-dollar loans in a responsible manner to meet financial institutions customers’ short-term credit needs.

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PremierOne CU
PremierOne CU staff kept safe while serving members during COVID-19 crisis.

PremierOne CU Provides Member, Community Support Amid COVID-19 Crisis

When the Coronavirus outbreak occurred, PremierOne CU responded swiftly by focusing efforts on supporting the community the San Jose-based credit union serves.

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Is This Subpoena Valid?

Parties to litigation have a right to engage in “pretrial discovery” to obtain documents and testimony that might be relevant to their claims and defenses. Relevant discovery often includes the assets of one of the parties. 

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Advisory on Medical Scams Related to COVID-19 and Companion Notice Filing Instructions

The Financial Crimes Enforcement Network (FinCEN) issued an advisory to alert financial institutions to rising medical scams related to the COVID-19 pandemic. This advisory contains red flags, descriptions of COVID-19 related medical scams, and information on reporting suspicious activity. This is the first of several advisories FinCEN intends to issue concerning financial crimes related to the COVID-19 pandemic.

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California DBO Proposal, Nevada Guidance, and More

The California Credit Union League has shared its concerns in a letter to Governor Gavin Newsom’s office regarding the proposal within his January budget to restructure the Department of Business Oversight (DBO) into what many in financial services have described as “California’s Consumer Financial Protection Bureau” (a miniature state version of the CFPB).

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