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Changes to an ACH Origination
By: Alysa Britten
Categories: Texas $51M - $750M

By: Alysa Britten
Views: 0
Replies: 0
Attachments: 0
UPDATE: Accessible parking spot compliance in Texas
By: Suzanne Yashewski
Categories: Compliance and Regulations Comment Call Texas Regulatory Issues Regulations & Policies

By: Suzanne Yashewski Regulatory & Compliance Counsel
Views: 2
Replies: 0
Attachments: 0
Webinar: Fintech Innovation in Credit Unions - a Case Study
By: Cristina Martinez
Categories: NONE

By: Cristina Martinez CU Relations Administrative Assistant
Views: 1
Replies: 0
Attachments: 0
New Compliance & Audit Forum at 2020 Annual Meeting
By: Mr. Brandon Walker, CUDE
Categories: Compliance and Regulations Regulatory Issues Regulations & Policies

By: Mr. Brandon Walker, CUDE Events & Exhibits Manager
Views: 2
Replies: 0
Attachments: 0
Fraud Procedures
By: Toni Goodgine
Categories: National Regulations & Policies

By: Toni Goodgine
Views: 2
Replies: 0
Attachments: 0
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Posted: 2/21/2020 2:38:12 PM


Alysa Britten
{organization}
{title} Posts: 2

Changes to an ACH Origination

We have members sign an ACH Origination form when his/her loan payment method is setup this way.  Bookkeeping has asked us just to make changes on the original ACH card concerning payment or due date changes.  In the past we have had the member sign a Stop ACH, and then have them sign a new form with the new payment amount and/or due date.  If an employee just notes the changes on the original card, what record do we have that the member even agreed to the changes??  This doesn't sit well with me.  What procedures or best practices do you all have in place?  Thank you!
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Categories: Texas $51M - $750M
Posted: 2/14/2020 11:21:49 AM

Suzanne Yashewski
Cornerstone Credit Union League
Regulatory & Compliance Counsel Posts: 183

UPDATE: Accessible parking spot compliance in Texas

Update on Accessible Parking Spot Requirements in Texas

As you may remember, in the 2019 Texas legislative session, the legislature passed HB 3163 which required the Texas Department of Licensing and Regulation [“TDLR”] to adopt rules to update requirements for accessible parking spots provided by credit unions and other places of public accommodation in Texas. 

No changes need to be made at this time!  However, TDLR did publish the proposed rule addressing the legislation.  Credit unions are encouraged to provide feed back to Suzanne Yashewski, Regulatory Compliance Counsel, Cornerstone Credit Union League at syashewski@cornerstoneleague.coop prior to the comment deadline of February 24th, 2020

TDLR claims that the proposal will result in minimal cost increases to entities required to comply, referencing the purchase of new signs as being inexpensive.  However, the agency does not address the cost of updating the paint and how often spaces might need to be repainted.  Cornerstone would appreciate any credit union feedback on these details. 

The proposal can be found here: https://www.sos.state.tx.us/texreg/pdf/backview/0124/0124prop.pdf and comments can be submitted to:

Vanessa Vasquez, Legal Assistant
Texas Department of Licensing and Regulation
P.O. Box 12157
Austin, TX 78711

Or by email to erule.comments@tdlr.texas.gov.  

The proposal would require that a paved accessible parking space must include:

1.       the international symbol of access painted conspicuously on the surface in a color that contrasts the pavement;

2.       the words "NO PARKING" painted on any access aisle adjacent to the parking space. The words must be painted:

a.       in all capital letters;

b.       with a letter height of at least one foot, and a stroke width of at least two inches; and

c.       centered within each access aisle adjacent to the parking space; and

3.       a sign identifying the consequences of parking illegally in a paved accessible parking space. The sign must:

a.       at a minimum state "Violators Subject to Fine and Towing" in a letter height of at least one inch;

b.       be mounted on a pole, post, wall or freestanding board;

c.       be no more than eight inches below a sign required by Texas Accessibility Standards, 502.6; and

d.       be installed so that the bottom edge of the sign is no lower than 4 feet and no higher than 6 feet above ground level.

A sign that meets the requirements set in Texas Accessibility Standards, 502.6 that includes the required language mentioned above satisfies the proposed section. 

Once finalized, the rule is anticipated to include an effective date of mid-year 2020, according to the TDLR website.

Questions?  Email Suzanne at the address above or call her at 512-853-8516. 

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Categories: Compliance and Regulations Comment Call Texas Regulatory Issues Regulations & Policies
Posted: 2/3/2020 4:33:44 PM

Cristina Martinez
Cornerstone Credit Union League
CU Relations Administrative Assistant Posts: 25

Webinar: Fintech Innovation in Credit Unions - a Case Study

As Fintech innovations continue to drive and influence consumer expectations, credit unions must determine how they will approach the Fintech world.  Can we leverage partnerships with Fintech innovators to drive our credit union growth?

Kris Kovacs, President and CEO of Constellation Digital Partners, based in Raleigh, NC will share the story of innovation that started at Coastal Credit Union and became a one-of-a-kind innovation story. 

We will discuss how credit unions can turn their best ideas into industry changing innovations.

Please join us for the following webinar:

Webinar:            Fintech Innovation in Credit Unions – a Case Study

Date:                   Thursday, February 20th

Time:                   2:00 p.m. – 3:00 p.m. CST

Presenter:            Kris Kovacs, CEO and Founder, Constellation Digital Partners

Cost:                     Complimentary to Accounting & Finance Council Members

                              Only $25 for Non-Accounting & Finance Council Members

To register or to find out more information Click Here

For questions about this event or about Cornerstone Councils, please contact Cristina Martinez at cmartinez@cornerstoneleague.coop or 800.442.5762, ext. 6403

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Categories: NONE
Posted: 1/16/2020 2:28:04 PM

Mr. Brandon Walker, CUDE
Cornerstone Credit Union League
Events & Exhibits Manager Posts: 4

New Compliance & Audit Forum at 2020 Annual Meeting

Cornerstone Credit Union League's Annual Meeting & Expo is the place to be in 2020 for education that supports your job function and your credit union. Make plans now to attend the conference April 15-17 in Grapevine, Texas.

Here's one of the Compliance & Audit Forums, you'll have the opportunity to attend:

Regulation E: Overdraft, Dispute Processes, Provisional Credits, Etc.
When it comes to regulations, it's critical to carefully review what the regulations actually say and translate them from legalese to useful instruction. That includes running through sample disputes and the proper investigation for each. Proper investigation depends on the individual dispute and the facts. Join Christy Curtis Jones, attorney and shareholder with Sherpy & Jones, P.A., for this insightful and informative session.

Additional Compliance & Audit Forums you can attend are: "Establishing a Sound ERM Program," "2020: Regulatory Climate and Beyond," and "Litigation."

View the full schedule here

REGISTER NOW to save $200 off the conference rate.

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Categories: Compliance and Regulations Regulatory Issues Regulations & Policies
Posted: 1/14/2020 9:02:10 AM


Toni Goodgine
{organization}
{title} Posts: 11

Fraud Procedures

Good morning,

We want to update how we are handling fraud and are interested in viewing other's fraud procedures. If you would share yours, we would be most grateful.

Thank you!

Toni Goodgine

 

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Categories: National Regulations & Policies