As 2011 winds down, it seems we always need reminders of what needs to get done before the end of the year. We have to remember the gifts we need to buy for our loved ones. We need to remember the food that needs to be prepared and brought to the holiday meal. We have to remember to bring the nut roll to Aunt May’s holiday dinner. And we need to prepare our New Year’s resolutions for next year. One reminder that I would like to share, has to do with the compliance date for the updates to the NCUA Regulations for the Share Insurance official advertising statement.
/ READ MORE
The Consumer Financial Protection Bureau (CFPB) has been very busy the past few months. They have released documention and information on initial mortgage disclosures and student loan disclosures through the “Know Before You Owe” initiative. Now, the CFPB has announced that they have created two new mortgage closing disclosures required by Regulation Z (Truth-in-Lending) and the Real Estate Settlement Procedures Act (RESPA).
/ READ MORE
As you have probably heard me lament in previous posts, I have spent quite a bit of time this past year reviewing various policies for credit unions. Not all policies contain specific language required by the NCUA, but one policy that does have specific NCUA requirements is the Member Business Lending (MBL) policy.
/ READ MORE
It would appear that Fall is truly upon us. You can definitely see the changes in the weather and in leaves turning different colors. There is another change for this Fall season that was just announced last week. The National Labor Relations Board will be delaying the effective date of the new employee rights poster rule to January 31, 2012.
/ READ MORE
I have been receiving an increasing number of questions lately about an unlikely subject. Questions about posters! The National Labor Relations Board (NLRB) published a final rule at the end of August that will require most private-sector employers to notify employees of their rights under the National Labor Relations Act (NLRA) by posting a notice in the workplace. This requirement becomes effective on November 14, 2011.
/ READ MORE
Fall is almost here, and as someone who lives in the Midwest, I am dreading the impending cold weather. The one good thing about fall for me, as a baseball fan, is the anticipation of the annual Major League Baseball awards. MVP, CY Young, and Rookie of the Year awards for both leagues will be handed out at the end of the season. And don’t forget about the World Series Championship and MVP! Why am I bringing up baseball awards in a compliance blog? Well it reminds me of a recent NCUA legal opinion letter on Volunteer Service Awards.
/ READ MORE
It has definitely been an up and down year here in America. We have seen the roller coaster ride of Congress coming to an agreement on the debt ceiling. The stock market has been wildly fluctuating up and down (mostly down). The NFL season was almost lost and we still don’t know if the NBA will have a season this year. While all of this was happening, one area that garnered a lot of attention in the financial world was debit interchange.
/ READ MORE
