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Rhode Island AG’s Office Holds Elder Financial Abuse Training
October 07, 2021The 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.
MA Student Loan Servicer Regulations Made Final
September 19, 2021The 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.
Action Alert: IRS Tax Reporting Provisions
September 07, 2021In 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.
Top 10 Wage and Hour Mistakes (Virtual) - FREE TO CCUA MEMBERS
August 19, 2021Increase 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 Mistakes
August 18, 2021Employers 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
New Hampshire Governor Chris Sununu Signs Multiple Bills Into Law
August 10, 2021New 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.
New Hampshire Insurance Department Issues Bulletin Regarding Appointment of Insurance Producers
August 09, 2021New 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.
CCUA Testifies Before MA Joint Committee on the Judiciary - Addresses Nine Key Issues
August 03, 2021The 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.
Mass. Announces 2021 Deposit Return Item Fee
July 30, 2021The 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.
Regulation II Proposed Changes Could Lead to Decreased Debit Interchange
July 29, 2021The 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.
NCUA Board Meeting Summary- July 22, 2021
July 22, 2021The NCUA Board held a regularly scheduled meeting today. The following summary provides highlights of the discussion.
NH COVID-19 Board Releases Impact Regulatory Reporting
July 07, 2021New 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.
MA DOB Finalizes Student Loan Servicer License Regulations
July 07, 2021The 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.
House Members Introduce Overdraft Fee Legislation
July 05, 2021As 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.”
NCUA Board Meeting Summary- June 24, 2021
June 24, 2021The 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.
EANE Weekly: Zoom Engagement and MA Workforce Grants
June 22, 2021Employers 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.
CCUA Testifies on Pending Regulations and Legislation on Behalf of Mass. CUs
June 22, 2021The 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.
Elder Financial Exploitation Training
June 18, 2021June 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?
EANE Weekly: Hotline Call of the Week; Membership Tour; HR Essentials; and Harassment Training
June 16, 2021Employers 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
Inclusiv Webinar Outlines Framework for Completing ECIP Application- Part One Available NOW
June 14, 2021Credit 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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