Links in “Credit Unions”
- Proposed FASB Rule Could Affect CU’s Safety & Soundness
Proposed rule would change how credit unions calculate their Allowance for Loan and Lease Accounts (ALLL), requiring losses to be recognized before they actually occur. [6/3]
- Breaking Down the 4 Elements of Enterprise Risk
Understanding these four elements can help make sure that your Enterprise Risk Management plan fits your institution, rather than the other way around. [6/3]
- TILA Disclosure Requirements When a Portion of an Open Line Becomes Fixed
Taking a look at fixed rate and term payment options during draw period. [6/3]
- The Circle of Life, Regulation Style
If Dodd-Frank has caused a rise in your caffeine consumption, can regulation on caffeine be far behind? [6/3]
- NCUA Issues Prohibition Orders
Powerful reminders that Internal Controls and Training are ever-needed [5/31]
- Credit Unions’ Biggest Challenge? Regulators
Former credit union CEO and regulator says the regulatory agencies require credit unions to carry excessive loan loss provisions and donât understand the products and services members need. [5/31]
- CFPB Delays Implementation of Single-Premium Insurance Prohibition
Confusion over the final rule, originally scheduled to be implemented June 1, 2013, leads agency to push the implementation date back to January 2014 and analyze issue further. [5/31]
- Final Final (That’s Final Squared) Ability to Repay Rule
Among the list of "final final" rule modifications is the inclusion of loan originator compensation in the points and fees calculation. [5/31]
- Social Media Policy: Your CU Needs One
CUs are increasingly using social media as a marketing tool, but most donât have a written social media policy to address regulatory compliance, privacy and other important issues; here's what the FFIEC is proposing they do about it. [5/30]
- Does Your CU Qualify for Exemption from Mortgage Ability-to-Pay Rule?
CFPB issues final rule establishing an exemption for small CUs from mortgage ability-to-pay provisions; rule also finalizes provisions dealing with the prohibition against financing certain insurance provisions for mortgage loans. [5/30]
