Links in “Credit Unions”

If you're involved in compliance at your financial institution, here are 5 online resources you should know about. [7/15]

There are indicators out there suggesting that a compliance storm is coming. First waves are aimed at the big banks, but the smaller financial institutions won't be spared, either. Larger institutions have deeper pockets, but smaller institutions have an advantage their larger counterparts don't. [7/12]

Recent publicity on overdraft fees have some consumer groups taking a closer look at other fees at CUs, such as membership fees or security fees. [7/12]

A district court in Kansas ruled yesterday that NCUA was too late in filing its claim against Barclays; NCUA, which will likely appeal, had sued Barclays over losses from mortgage backed securities it sold to U.S. Central FCU and Western Corporate FCU. [7/11]

NCUA and five other federal regulatory agencies have issued a proposed rule that would exempt from the new appraisal rules higher-priced mortgages that are: $25,000 or less, “streamlined” refinancings, or manufactured home loans; new appraisal rules go into effect January 18, 2014. [7/11]

62% of survey respondents say they have 1 to 5 full-time equivalent employees handling remittance exceptions or discrepancies. [7/11]

Don't get tripped up by thinking that a word in a regulation has the same meaning as the everyday vernacular or as another regulation. [7/11]

An industry legal expert identifies the specific legal risks that every credit union should know about and provides recommendations for enhancing your internal policies and procedures. [7/10]

Military-based CUs may see a drop in loan demand as a result of a once-a-week furlough days for approximately 700,000 DOD employees; NCUA chief economist notes that the affected CUs may also experience an increase in delinquencies. [7/10]

Part II of new guide offers a checklist tool for self-assessment in determining your CU’s progress towards compliance with the new mortgage rules. [7/10]