Compliance

DENVER – Denver Community CU said it has chosen NeighborBench’s cloud-based compliance solution to help simplify compliance.

ALEXANDRIA, Va. – The NCUA Board is expected next week to propose a rule allowing broader use of financial derivatives, mainly interest rate swaps, options and collars.

CHICAGO – Alliant CU has signed with PolicyWorks for regulatory compliance help.

The soon-to-be implemented Affordable Care Act, better known as ObamaCare, has credit unions scrambling to deal with its blizzard of requirements.

Health insurance has been regarded by most American companies as a standard employee benefit since World War II, but that is changing.

WASHINGTON – NCUA Chairman Debbie Matz issued her support this morning for a bill that would allow credit unions to raise secondary capital.

OLYMPIA, Wash. – The state Division of CUs has approved requests from state chartered credit unions to buy key-person insurance, also known as bank-owned life insurance, a popular retirement benefit held by banks known as BOLI, absent specific regulatory approval.

FREDERICK, Md. – Nymeo FCU, known as Comstar FCU until two weeks ago, has signed with NeighborBench to provide it with comprehensive compliance services.

ANAHEIM, Calif. – Credit unions are searching for answers on how to deal with the many requirements related to the Affordable Care Act, based on the full house that showed up for a breakout session Tuesday afternoon at the CUNA HR/TD Council Conference here.

WASHINGTON – In an unprecedented rebuff, the Republican chairman of the House Financial Services Committee refused to allow Consumer Financial Protection Bureau Director Richard Cordray to testify before the committee because he said a recent court ruling invalidates Cordray’s year-old appointment to the post.