User login

new

NACHA Resource on FFIEC Internet Banking Authentication

Jul
27
NACHA Resource on FFIEC Internet Banking Authentication

On July 19, 2012, NACHA –The Electronic Payments Association released a resource for financial institutions regarding the implementation of the Federal Financial Institutions Examination Council (FFIEC) Internet Banking Authentication guidance from June 2011.  NACHA’s resource is intended to identify sound business practi

Posted By Sharon Bahr read more

FSOC "Systematically-Important" Financial Market Utilities; Fedwire & Payments System Risk

Jul
27
FSOC "Systematically-Important" Financial Market Utilities; Fedwire & Payments System Risk

On July 18, 2012, the Financial Stability Oversight Council (FSOC) issued a statement and designated eight “systemically important” financial market utilities (FMUs) that would be subject to heightened risk management standards.  Chairman Matz represents the National Credit Union Administration on the FSOC, which includes the U.S. Treasury, Federal Reserve Board, and other financial regulators.  However, the policies of the FSOC as currently developed do not apply to credit unions.

Posted By Sharon Bahr read more

2012 Missouri State Legislative Wrap-up

Jul
26
2012 Missouri State Legislative Wrap-up

2012 Missouri State Legislative Wrap-up

The Missouri General Assembly passed several bills that have impact for credit unions and their members in the 2012 legislative session.  An overview of the legislation is below. The effective date for new laws is August 28, 2012.

Posted By Amy McLard read more

CUNA Comment Letters

Jul
26
CUNA Comment Letters

CUNA Comments on CFPB Proposal re Disclosure of Consumer Complaint Data

Posted By Sharon Bahr read more

Governor Jay Nixon Meets with Missouri Credit Unions

Jul
25
Governor Jay Nixon Meets with Missouri Credit Unions

Governor Jay Nixon Meets with Missouri Credit Unions

At a meeting with Missouri credit union representatives, Governor Jay Nixon (D) recognized the important role credit unions play in Missouri’s economic and financial landscape.

Posted By Amy McLard read more

GAO Study on SCRA Compliance

Jul
25
GAO Study on SCRA Compliance

On July 17, 2012, the Government Accountability Office (GAO) published a report entitled "Mortgage Foreclosures:  Regulatory Oversight of Compliance with S

Posted By Sharon Bahr read more

CFPB Posts Its Semi-Annual Regulatory Agenda

Jul
23
CFPB Posts Its Semi-Annual Regulatory Agenda

Early during the week of July 16, 2012, the Consumer Financial Protection Bureau (CFPB) posted its semi-annual update of its rulemaking agenda.  The last one that was published was the Fall 2011 agenda, which was made public in January.

Posted By Sharon Bahr read more

CUNA Urges NCUA to Exercise Restraint at July Meeting

Jul
23
CUNA Urges NCUA to Exercise Restraint at July Meeting

Credit Union National Association (CUNA) has reinforced its strongest support for the National Credit Union Administration's (NCUA) delay of the Credit Union Service Organization (CUSO) and loan participation proposals, and appreciate that these items are not on the July 24, 2012 Board Meeting agenda. CUNA will continue advocating that the agency abandon these proposals.

Posted By Sharon Bahr read more

CFPB Proposes New RESPA/TILA Rule and Disclosure

Jul
19
CFPB Proposes New RESPA/TILA Rule and Disclosure

The Consumer Financial Protection Bureau (CFPB) on July 9, 2012 issued its much anticipated proposed rule and forms to combine certain disclosures required under the Real Estate Settlement Procedures Act (RESPA) with disclosures required under the Truth in Lending Act (TILA), as required by the Dodd-Frank Act.  The proposal also addresses new disclosure requirements required by the D

Posted By Sharon Bahr read more

Credit Unions to Meet with Missouri Governor Jay Nixon on July 24

Jul
18
Credit Unions to Meet with Missouri Governor Jay Nixon on July 24

Missouri Governor Jay Nixon (D) will meet in-person with credit union leaders from across the state on July 24.  Credit union management and board members are invited to participate in the meeting with Governor Nixon.  Here are the details:

Posted By Amy McLard read more

Pages

Subscribe to RSS - new