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News (CompliancePro Blog)

League Issues Four Operations Releases

The League released four new operations releases in June 2013. Those releases have already been sent to our member credit unions via direct mail, and those of you who attended the League’s quarterly compliance webinar (on June 11, 2013) have already received electronic versions of them. 

For those... More

Final Garnishment Rule Is Out, Clarifies Proposal

Source: Credit Union National Association

As of June 28, a new final rule issued by the U.S. Treasury Department and several other federal agencies will establish procedures that credit unions must follow when they receive a garnishment order against an account holder who receives certain federal benefit... More