|
Webinar on CCPA Next Week
On September 21, the Minnesota Credit Union Network is hosting a webinar giving an overview of the California Consumer Privacy Act (CCPA) and its accompanying regulations. FFCRA Leave Rules Updated The U.S. Department of Labor (DOL) issued revised regulations on the Families First Coronavirus Response Act’s (FFCRA) paid sick leave and paid family leave provisions.
FFIEC Issues Statement on Additional COVID-19 Related Loan Accommodations
On August 3, the Federal Financial Institutions Examination Council (FFIEC) issued a statement providing risk management and consumer protection for working with borrowers as loans near the end of COVID-19 related accommodation periods. Regulators Issue Alerts on COVID-19 Related Fraud Fraudsters are continuing to use vulnerabilities created by the COVID-19 pandemic to perpetuate crimes. CUNA Releases Updated MLA Card Fee Spreadsheet CUNA has updated its Military Lending Act (MLA) credit card fee spreadsheet for the second quarter of 2020. Bureau Announces Regulation Z Threshold Adjustments
The Bureau of Consumer Financial Protection (Bureau) is required to calculate annually the dollar amounts for several Regulation Z thresholds. Recording of Webinar on Updates to Minnesota’s Laws Protecting Vulnerable Adults Available The recording of the webinar on Updates to Minnesota’s Laws Protecting Vulnerable Adults – Impact on Credit Unions is now available on MnCUN’s website (Login required). Unemployment Benefits Fraud Continues to be a Problem Many Minnesota credit unions continue to be targeted by a large-scale scam involving fraudulent unemployment benefits claims. The Minnesota Credit Union Network put out a fraud alert on this issue in late May.
On July 17, from 10 am to 11 am, the Minnesota Credit Union Network will host a webinar reviewing the updates to Minnesota statute 45A - Financial Exploitation Protections for Older or Vulnerable Adults.
The statue was revised this past legislative session. The revisions give credit unions additional tools to help protect members from financial exploitation. The revisions also come with requirements. Join us to learn more about these changes. NCUA and Bureau Release Rulemaking Agendas
The NCUA and Consumer Financial Protection Bureau (Bureau) recently released their Spring 2020 rulemaking agendas NCUA Seeks Feedback on Modernizing Examinations The NCUA is conducting a study of alternative procedures to modernize its examination program. An Request for Information (RFI) was published last week seeking feedback from credit unions and other interested parties. NCUA to Reinstate Rural District Removed Due to ABA Lawsuit In a letter issued to credit unions on July 7, Chairman Rodney E. Hood announced, “The NCUA is in the process of reinstating the rural districts for 18 credit unions that had these removed due to the ABA lawsuit. " |
The PulseThe Pulse is MnCUN's newsletter that keeps credit union professionals and board members updated on current news and information. Archives
September 2020
Categories
All
|
RSS Feed
