User login

The Compass

  • 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
  • Interagency Statement Clarifies Role of Supervisory Guidance

    Sep
    28
    Interagency Statement Clarifies Role of Supervisory Guidance

    Various agencies, including the National Credit Union Administration (NCUA), have issued a statement clarifying the role of supervisory guidance.

    Posted By Bridget Bowles read more
  • CDD Beneficial Owner Exemption for Automatic Renewal/Rollover Accounts Now Permanent

    Sep
    28
    CDD Beneficial Owner Exemption for Automatic Renewal/Rollover Accounts Now Permanent

    The new Customer Due Diligence Beneficial Ownership provisions originally applied to certain products and services that automatically renew or rollover.  The Financial Crimes Enforcement Network (FinCEN) issued a couple of temporary exceptive relief rulings in order to determine whether, and to what extent, a further exception would be appropriate for these types of products. 

    Posted By Bridget Bowles read more
  • Copying Driver’s License (Memo)

    Sep
    04
    Copying Driver’s License (Memo)

    Our Compliance department, on behalf of our member credit unions, recently requested legal opinions regarding copying driver's license. 

    Posted By Bridget Bowles read more

Pages