Mountain West News
Cheney Goes On National Radio Tour For MBL |
Cheney urges MBL-bill passage in multistate radio tour

WASHINGTON (8/16/12)--With members of Congress back in their home states this month, Credit Union National Association (CUNA) President/CEO Bill Cheney took to the airwaves in a series of radio interviews on why Congress should enact legislation to raise the cap on credit union member business lending (MBL)


Preparing Your Credit Union’s Health Care Reform Strategy: Effective January 1, 2013 |

We have added a new “hot topic” webinar on August 30th, “Preparing Your Credit Union’s Health Care Reform Strategy: Effective January 1, 2013.” The Health Care Reform legislation passed in March 2010 is over two years old. However, many questions still remain and the legislation’s impact on many businesses remains unknown. The recent U.S. Supreme Court ruling upholding this law indicates it would be prudent to plan now in order to be ready for many of the major provisions, which are effective January 1, 2013. This webinar will provide insights into this massive legislation and the changes since it was originally signed into law in 2010. The legislation impacts each business differently, so it is vital that financial institutions and management understand the key aspects and how they should be approached to ensure both compliance and efficiency for your credit union.

Visit Preparing Your Credit Union’s Health Care Reform Strategy: Effective January 1, 2013 to register or learn more about this upcoming program.

CUNA Seeks CU Reverse-Mortgage Comments |
Reverse mortgages could soon come under Consumer Financial Protection Bureau regulation. Credit unions that offer reverse mortgages can provide their own comments on what drives their members to choose reverse mortgage products and how those members use reverse mortgage proceeds, in a new CUNA comment call.  Read More
CUNA Seeks CFPB clarity on Card Disclosure Change |
CUNA has sought guidance with the Consumer Financial Protection Bureau to clarify whether a seemingly minor change in credit card account opening disclosure forms would trigger a whole new requirement for a 45-day advance notice of change in terms.  Read More
As IRR Rule Approaches, NCUA Prepares Q&A Sheet |

The NCUA has released a letter to credit unions and question-and-answer sheet regarding the new interest rate risk management rule, which takes effect Sept. 30, and posted it on the NCUA’s website.

The information includes the most commonly asked IRR questions the NCUA took away from four webinars on the topic, including responsibility for the creation, oversight and management of the required IRR written policy and program, measurement and monitoring requirements, internal controls, and what influence the IRR should have on management decisions.  Read More

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