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InfoSight Highlight: Broker-Dealers
Friday, June 23, 2017 7:15 AM

The Department of Labor (DOL) issued its final regulation known as the “Fiduciary Rule,” which expands the definition of “fiduciary” of an employee benefit plan under the Employee Retirement Income Security Act (ERISA) and a plan (including an individual retirement account [IRA]) under the Internal Revenue Code of 1986 (IRC).

Pending Regulatory Comment Calls
Friday, June 23, 2017 7:10 AM

The following table shows pending regulatory proposals quickly coming to deadline. Cornerstone and Credit Union National Association will be submitting comments. Credit unions are encouraged to use PowerComment to file comment letters with regulators.

Texas Legislature Veto Deadline Passes
Friday, June 23, 2017 7:05 AM

The deadline for Texas’ Governor Greg Abbott to sign or veto bills passed by the 85th Legislature, during the regular legislative session, ended June 18. The governor vetoed 50 bills, the most bills vetoed since 2007.

Volunteer Opportunities Available on Cornerstone Committees
Friday, June 23, 2017 6:50 AM

The Cornerstone Credit Union League has opportunities for credit union employees and volunteers interested in getting more involved by serving on a Cornerstone committee. Applications will be accepted through July 19.

Neighborhood CU Nationally Recognized for Mobile Access
Friday, June 23, 2017 6:45 AM

While quietly working to offer even more convenience to its 49,000 members across North Texas, Neighborhood Credit Union has earned national recognition as a top performer in retail mobile banking.

CUNA Seeks Feedback on Eliminating Regulatory Burden for Treasury
Friday, June 23, 2017 6:40 AM

Credit Union National Association seeks feedback from credit unions on ways to eliminate regulatory burden as it prepares to response to the Treasury’s request for information (RFI) on streamlining regulations. The Treasury published its request in the Federal Register this week in response to executive orders from President Donald Trump.

CFPB Spotlights Borrower Complaints about Student Loan Servicers Mishandling Public Service Loan Forgiveness Program
Friday, June 23, 2017 6:35 AM

The Consumer Financial Protection Bureau on Wednesday issued a report spotlighting complaints from borrowers about student loan servicers mishandling Public Service Loan Forgiveness. The Public Service Loan Forgiveness program provides people in public service jobs with a path to debt forgiveness after 10 years, with the first borrowers eligible in October 2017. Borrowers report that servicers delay or deny access to loan forgiveness through wrong information about their loans, flawed payment processing, and bungled job certifications.

FFIEC Updates Cybersecurity Assessment Tool
Friday, June 23, 2017 6:30 AM

On May 31, the Federal Financial Institutions Examination Council released a much-anticipated update to their Cybersecurity Assessment Tool. After almost two years, the tool has been updated to address two major changes. 

Catalyst's Garner to Lead CEO Panel at the Women's Leadership Conference
Friday, June 23, 2017 6:25 AM

This year's Women's Leadership Conference, which takes place July 24-25, 2017, in Frisco, Texas, features a dynamic list of speakers to help you improve the balance and bridge the gap between your life and your career. That includes a CEO panel comprised of today's trailblazers in the credit union movement.

Cornerstone Foundation Reminds CUs Help Is Available to Board Members, Staff Impacted by Storms
Thursday, June 22, 2017 7:00 AM

The Cornerstone Credit Union Foundation reminds credit unions that staff is poised to help those credit union board members and staff impacted by severe weather, including the current threat of Tropical Storm Cindy.

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