Events included an update on risk-based capital proposal and a small CU roundtable.
February 23, 2014
VP Mike Kerans (left) of Cardtronics, a provider of ATM and financial kiosk products and services, assisted Gordon Sam, board chair at Pearl Harbor FCU, Waipahu, Hawaii, with a promotional giveaway Sunday evening.
CUNA’s final rule analysis of the CFPB changes to the TRID rule is now available. The rule, published in the Federal Register this week is effective Oct. 10, with a mandatory compliance date of Oct. 1, 2018.
While proposed changes to the CFPB prepaid accounts rule provide some clarity, it will not be helpful for most prepaid card users and CUNA remains opposed to the rule’s application of Regulation Z to certain prepaid cards.
While the DOD has affirmed the Military Lending Act’s effective date for credit card accounts of Oct. 3, CUNA is engaged with legislators to build support for efforts to exempt credit unions from the rule.