The Rhode Island Attorney General’s Office recently held a substantive training program on elder financial abuse for financial institutions, which was well attended by Association member credit unions.
September 19, 2021
The Massachusetts Division of Banks (Division) has filed the final amendments to 209 CMR 18.00: Conduct of the Business of Debt Collectors, Student Loan Servicers, and Third Party Loan Servicers and 209 CMR 48.00: Licensee Record Keeping.
September 07, 2021
In an effort to increase taxpayer compliance, the IRS is proposing a requirement for credit unions and other financial institutions to report additional account holder information in an enhanced annual IRS Form 1099-INT. CUNA has issued an Action Alert for credit unions to urge legislators to reject the inclusion of these new IRS reporting provisions in the upcoming infrastructure reconciliation bill.
August 19, 2021
Increase your basic understanding of FLSA by focusing on the more challenging and misunderstood exemptions and the many unknown pitfalls and mistakes employers make when classifying positions.
EANE Weekly: Hotline Call of the Week; Employer Choices on Vaccine Mandates; and Common Wage & Hour MistakesAugust 18, 2021
Employers Association of the NorthEast shares HR resources, tips, and training with CCUA members. This week's highlights include: Hotline Call of the Week; Employer Choices on Vaccine Mandates; and Common Wage & Hour Mistakes
August 10, 2021
New Hampshire Governor Chris Sununu signed 30 bills into law yesterday, including priority legislation of interest to credit unions relating to certain costs of examinations, the transmission of consumer complaints, and remote notarization.
August 09, 2021
New Hampshire Insurance Department (NHID) Commissioner Chris Nicolopoulos issued a bulletin reminding insurers that they must comply with N.H. RSA 402-J:14 (I), which requires that all insurance producers acting as the agent of an insurer to be appointed by the insurer.
August 03, 2021
The Cooperative Credit Union Association represented state and federally-chartered credit unions yesterday in a nearly 5-hour long virtual public hearing on foreclosure related bills pending before the Joint Committee on the Judiciary (“Committee”) with oral and written testimony.
July 30, 2021
The Massachusetts Division of Banks has announced that the maximum allowable fee Massachusetts state-chartered banks and credit unions may assess certain consumer deposit accounts for processing dishonored checks or DRI items is $7.11.
July 29, 2021
The Fed is proposing to revise Regulation II to expand the requirement for debit cards to be able to be processed by at least two unaffiliated networks to apply to card-not-present debit card transactions, such as online purchases and mobile payments. It remains the goal of the Association to submit a robust comment letter to the Fed on behalf of members.
July 22, 2021
The NCUA Board held a regularly scheduled meeting today. The following summary provides highlights of the discussion.
July 07, 2021
New Hampshire Banking Commissioner Jerry Little has released a memorandum to regulated depository institutions, including credit unions, announcing the discontinuation of the Banking Department’s (“Department”) request for submission of Board-level impact reporting related to the COVID-19 pandemic.
July 07, 2021
The Massachusetts Division of Banks have filed and finalized two emergency regulations which implement the student loan servicer licensure provisions that were passed as Chapter 358 of the Acts of 2020. The regulations amended by the Act are 209 CMR 18.00: Conduct of the Business of Debt Collectors and Loan Servicers and 209 CMR 48.00: Licensee Record Keeping. Both regulations are effective as of July 1, 2021.
July 05, 2021
As U.S. banks face criticism regarding overdraft fees, members of the House have introduced the Overdraft Protection Act, which seeks to “establish fair and transparent practices related to the marketing and provision of overdraft coverage programs at financial institutions.”
June 24, 2021
The NCUA Board voted to reaffirm the current maximum loan rate of 18% (28% for PALs) through March 10, 2023, adopted a final rule to facilitate the transition of credit unions to the CECL methodology required under GAAP, and adopted a final rule to remove the prohibition on the capitalization of interest in connection with loan workouts and modifications at the June 24, 2021 meeting.
June 22, 2021
Employers Association of the NorthEast shares HR resources, tips, and training with CCUA members. This week's highlights include: Internal Investigations; Zoom Engagement; and MA Workforce Grants.
June 22, 2021
The Cooperative Credit Union Association recently represented member credit unions in two public hearings on important pending regulations and legislation impacting credit unions' branch offices and credit reports in the workplace.
June 18, 2021
June 15 was World Elder Abuse Awareness Day. Did you know credit unions and employees are provided with immunity from civil or administrative proceedings for the disclosure of suspected exploitation of a senior citizen if they have adequate training?
June 16, 2021
Employers Association of the NorthEast shares HR resources, tips, and training with CCUA members. This week's highlights include: Hotline Call of the Week; Membership Tour; HR Essentials; and Harassment Training
June 14, 2021
Credit union professionals can access resources for completing the Emergency Capital Investment Program application from Inclusiv, a strategic partner of the Cooperative Credit Union Association.
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