User login

The Compass

  • Payday Lending Rule Implementation Date to be Delayed

    Nov
    29
    Payday Lending Rule Implementation Date to be Delayed

    A judge in the U.S. District Court for the Western District of Texas ordered a stay of the implementation date of the Bureau of Consumer Financial Protection's Payday Lending Rule. The rule was scheduled to go into effect in August 2019 but the BCFP said it intends to issue a proposed rule in January that will delay the effective date.

    Posted By Bridget Bowles read more
  • NCUA Share Insurance Webinars

    Nov
    29
    NCUA Share Insurance Webinars

    Share insurance is a fundamental part of the nation’s credit union system. The National Credit Union Administration (NCUA) recently hosted two share insurance webinars where credit union professionals learned more about how coverage works. Archived versions of both webinars are now available.

    Posted By Bridget Bowles read more
  • Repo Timing

    Nov
    29
    Repo Timing

    Kansas and Missouri credit unions may be liable for property taxes on repossessed vehicles.  When you take possession of, and when you sell a vehicle titled in the credit union’s name, can make a difference -- especially at this time of year.

    Posted By Bridget Bowles read more
  • Placing Stop Pays on Cashier’s & Teller’s Checks

    Nov
    29
    Placing Stop Pays on Cashier’s & Teller’s Checks

    The following questions and answers are intended to assist credit union staff with placing stop payment orders on cashier’s and teller’s checks.

    Posted By Bridget Bowles read more
  • FFIEC Launches New BSA/AML InfoBase Site

    Nov
    02
    FFIEC Launches New BSA/AML InfoBase Site

    The Federal Financial Institutions Examination Council launched a redesigned Bank Secrecy Act/Anti-Money Laundering InfoBase website, aimed at sharing financial institution examination procedure information with examiners, financial institutions, the public, and other stakeholders.

    Posted By Bridget Bowles read more
  • SCRA Change Buried in NDAA

    Nov
    02
    SCRA Change Buried in NDAA

    Buried in the 700+ pages of the John S. McCain National Defense Authorization Act (NDAA) is an amendment to the Servicemember Civil Relief Act (SCRA) that credit unions should be aware of as they assist servicemembers applying for the six percent interest rate reduction.

    Posted By Bridget Bowles read more
  • Regulation Z Annual Inflation-Based Dollar Amount Threshold Adjustments

    Nov
    02
    Regulation Z Annual Inflation-Based Dollar Amount Threshold Adjustments

    The Bureau of Consumer Financial Protection recently issued its annual inflation-based adjustments of certain dollar amount thresholds for transactions covered under Regulation Z/Truth in Lending.  The adjustments are based on the annual percentage change reflected in the Consumer Price Index in effect on June 1, 2018, and will become effective on January 1, 2019. 

    Posted By Bridget Bowles read more
  • New Legal Opinions Available

    Nov
    02
    New Legal Opinions Available

    The HCUA Compliance Department, on behalf of our member credit unions, recently requested legal opinions regarding:

    • Property Tax on Repossessed Vehicles
    • Lending to Minors
    • Garnishment Procedures
    Posted By Bridget Bowles read more
  • Free Webinar: GDPR - What is it and Should your Financial Institution be Concerned?

    Oct
    01
    Free Webinar: GDPR - What is it and Should your Financial Institution be Concerned?

    The General Data Protection Regulation is the European Union’s new data protection and privacy regulation that became effective May 25, 2018. This free webinar will explain how to analyze when and how your institution will be affected by GDPR, and how it differs from your existing privacy rules. 

    Posted By Susan Dyer read more
  • CUNA Updates MLA Fee Comparison Spreadsheet

    Sep
    28
    CUNA Updates MLA Fee Comparison Spreadsheet

    The Credit Union National Association has updated its Military Lending Act fee comparison spreadsheet for the third quarter of 2018. 

    Posted By Bridget Bowles read more

Pages