Compliance mattered to CUNA News readers in 2016.
Stories revolving around regulatory burden filled the top 10 list of most read CUNA News articles of the year.
Here’s a look at (and links to) those articles:
Compliance: Can CUs close on consecutive days?
As the holidays approach, many credit unions have questions about consecutive day closings. For example, a credit union might like to close for Thanksgiving and remain closed until the following Monday. Is that allowed?
Compliance: NCUA seeks clear use of ‘Application Withdrawn’ to avoid HMDA reporting errors
Credit unions that make “Application Withdrawn” reporting errors should pay close attention to the precise definition of the term, according to NCUA.
Compliance: Pulling credit reports for cross-selling purposes
CUNA’s compliance staff has received questions about what the Fair Credit Reporting Act says about credit unions being allowed to pull credit reports for cross-selling purposes.
DOL’s final OT rule ‘disappointing,’ says CUNA
The Department of Labor will publish its final rule regarding employees’ eligibility for overtime pay--a rule CUNA believes will have unintended consequences for credit unions, particularly smaller credit unions and those in rural areas.
NCUA review of exam process good for CUs, Nussle says
CUNA President/CEO Jim Nussle said NCUA's announcement that it will review the examination process is good news for credit unions.
CFPB implements CUNA-recommended changes to mortgage rules
The Consumer Financial Protection Bureau issued an interim final rule that broadens the availability of certain special provisions for credit unions and other small creditors in the Regulation Z qualified-mortgage and escrow rules.
GAC Today: Video highlights from Monday
A regulator urging CU advocates to push for more regulatory relief, a futurist, and engaging breakout sessions on field of membership and CUNA’s bylaws marked some major GAC moments on Monday.
GAC Today: Video highlights from Sunday
Day one of the CU industry’s largest event draws nearly 5,000 attendees to Washington, D.C.
NCUA approves CUNA-backed MBL rule overhaul
NCUA approved a final rule, supported by CUNA, that represents a complete overhaul of the agency's member business lending regulation.
Home Depot sues Visa, MasterCard over use of chip-and-PIN
Home Depot filed a lawsuit against Visa and MasterCard over the use of chip cards. In the lawsuit the retailer accused the card companies of trying to block the use of PINs.