Remittance Transfer Rule (subpart B of Regulation E) Exemption period extended to July 21, 2020

Remittance Transfer Rule (subpart B of Regulation E) Exemption period extended to July 21, 2020 The CFPB has amended Regulation E, which implements the Electronic Fund Transfer Act and the official … [Read more...]

A Regulatory Change that Will Save Credit Unions Money?

A Regulatory Change that Will Save Credit Unions Money? Indeed. As credit unions work to implement their TILA/RESPA mortgage disclosure game plans and convince NCUA to dramatically change – and … [Read more...]

7 Advertising Compliance Tips for Credit Unions

7 Advertising Compliance Tips for Credit Unions Every credit union advertises. And, every credit union faces the same question: what disclosures are required on my advertisement? Often, there are … [Read more...]

5 common credit CARD act violations   It has been almost five years since the Credit CARD Act was passed by Congress and more than four years since the compliance dates set by the … [Read more...]

http://culct.coop/?p=4279

Financial Institution Not Required to Examine Checks for Forged Endorsements As a matter of law, a drawee financial institution does not have a duty to conduct any review of payee endorsements on … [Read more...]

http://culct.coop/?p=4276

Scam Alerts

Counterfeit check scams are on the rise. Multiple credit unions in the state of CT have reported recent experiences with attempts to cash counterfeit checks.  The Federal Trade Commission, the … [Read more...]

QuickBite

QuickBite … [Read more...]

NCUA’s new CUSO Rule

Monday, June 30, was the deadline for NCUA's new CUSO rule The new rule requires any federally-insured credit union with an outstanding loan to, or an investment in, a CUSO to enter into a written … [Read more...]

An Act Concerning Direct Deposit and Wage Garnishment 2014

EFFECTIVE DATE: October 1, 2014 An Act Concerning Direct Deposit of Wages CT Garnishment 2014 This bill expands the types of deposits that automatically exempt up to $1,000 from bank executions … [Read more...]

Expulsion or Withdrawal of Member

NCUA RULES AND REGULATIONS APPENDIX A TO PART 701—FEDERAL CREDIT UNION BYLAWS  ARTICLE II. QUALIFICATIONS FOR MEMBERSHIP Section 3. Maintenance of membership share required. A member who … [Read more...]