Compliance Watch

Oklahoma’s premier advocacy event of the year is the 2022 Oklahoma Governmental Affairs Conference, which takes place April 12–13 at Credit Union House in Oklahoma City.

The Model policies in CU PolicyPro are reviewed at least quarterly and updated as necessary to keep current with changing laws and regulations.

The Occupational Safety and Health Administration is gratified the U.S. Court of Appeals for the Sixth Circuit dissolved the Fifth Circuit’s stay of the Vaccination and Testing Emergency Temporary Standard.

If your credit union or any of its mortgage loan originators missed the Dec. 31, 2021, deadline for registration renewal, the NMLA reactivation period is now open and will end at midnight on Feb. 28, 2022.

FinCEN has issued a Request for Information seeking comments on ways to streamline, modernize, and update the BSA regulations and guidance. RFI Comments are due Feb. 14, 2022.

Following the NCUA Board’s approval of a final rule that simplifies the risk-based capital requirements for eligible, complex credit unions, and as part of its Call Report Modernization Initiative, the NCUA has modified the Call Report, Form 5300, beginning with the March 2022 reporting cycle.

To allow federal credit unions more time to complete and submit the voluntary Credit Union Diversity Self-Assessment, the National Credit Union Administration has extended the deadline from Jan. 15 to Jan. 31, 2022.

Question: Do we need to disclose (send out a formal change in terms) any change to our fee schedule? Answer: Your obligations to send out a change in terms are covered by 12 CFR 707.5...

Pursuant to rules and regulations promulgated by the Committee for Incentive Awards for State Employees, state employees shall be recognized for their length of service to the state.

Here’s your friendly reminder to update your Project Zip Code software and upload your relevant member/constituent data in advance of governmental affairs conferences that are just weeks away.