A series of regulatory relief bills is expected to be considered by the House this week. The first set of bills were passed on Monday by the House including rural designation, CFPB oversight, and allowing credit unions to join FHLB.
The League has a resource page for credit unions to see the proposed new bylaws.
The current League bylaws calls for a review every five years. To meet this provision, the board spent 18 months reviewing the bylaws and making changes. Credit unions are encouraged to click to learn more about the changes and also attend a town hall meeting to provide input into the changes.
A Complete Compliance Management and Tracking Solution.
LSCU is offering Complysight which will help credit unions deal with the crush of demands. Credit unions are able to match specific products and services that they offer so they can easily track the regulations on each one. Regulatory alerts are tailored to a credit union’s needs so the credit union is ensured that it remains in compliance, even with new and amended regulations. ComplySight also offers a grading tool to ensure a credit union’s compliance level is the highest possible.
Offering an identity theft protection service is the best way to minimize risk and protect your members’ personal information from being misused. Member Security Center not only gives members convenience and peace of mind, but also provides more advanced identity protection and management that may not be achieved on their own.