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News (CompliancePro Blog)

FTC Rule on Telemarketing Sales Effective Feb.12

Final amendments to the Federal Trade Commission's (FTC) Telemarketing Sales Rule (TSR) were published Monday in the Federal Register. They go into effect, for the most part, Feb. 12.

The TSR does not apply to federal credit unions. However, it does apply to state-chartered credit unions and third-party... More

New Flood Escrow Requirements Start Jan. 1

Source: news.cuna.org/articles/108575-compliance-new-flood-escrow-requirements-start-jan-1

WASHINGTON (11/30/15)--Amendments to escrow provisions of the Homeowner Flood Insurance Affordability Act will take effect Jan. 1, 2016. The National Credit Union Administration, along with the other agencies,... More

CLF And Fed Discount Window Are Only Sources For Emergency Liquidity In New NCUA Rule

ALEXANDRIA, Va. (10/24/13, UPDATED: 11:05 A.M. ET)--A final rule addressing emergency liquidity and contingency funding plans for credit unions has just been approved at today's National Credit Union Administration open board meeting.
Under the final rule, credit unions with less than $50 million in... More