The New York Credit Union Association’s compliance team has responded to well over 5,000 emails and phone calls from member credit unions since the beginning of 2019. The compliance department also monitors and analyzes proposals, interprets final rules and provides numerous resources to help New York’s credit unions tackle their compliance-related matters.
Continue reading “Meet the Association’s Compliance Department”
The New York Credit Union Association’s compliance department is available to assist member credit unions with examination preparedness and other operational compliance-related issues. Beyond answering specific compliance questions from member credit unions, the Association’s compliance department can also provide enhanced and customized support to New York credit unions.
Continue reading “Compliance department available for on-site visits, enhanced services”
The CFPB and Federal Reserve Board last week announced the dollar thresholds in Regulation Z and Regulation M that will apply for determining exempt consumer credit and lease transactions in 2020.
Continue reading “New dollar thresholds for Reg Z, Reg M announced”
InfoSight, the New York Credit Union Association’s online compliance site, is available as a benefit of membership to all Association-member credit unions. InfoSight recently unveiled a new website designed to create a more interactive and streamlined experience for users.
The NCUA board of directors held their monthly board meeting yesterday and unanimously approved two items: a proposed rule amending the agency’s chartering and field-of-membership regulations in accordance with an August 2019 appellate court decision, and a final rule allowing federally insured credit unions to accept a greater amount of public unit and nonmember shares.
