Written by Steve Van Beek
I'm sure everyone has plenty of reading to do with the mortgage regulations (I sure do!), so here are a few small items that should be on your radar.
Potential Credit Card Surcharges. As part of a recent settlement, merchants gained the ability to surcharge for credit card purchases on January 27, 2013. While this won’t directly impact your credit union, it has the potential to impact your members. It is unknown how prevalent merchant credit card surcharging will be, but it might be a good idea to put an article in your credit union newsletter or some information on your website. For more information, visit VISA’s website – which includes a list of state laws that still prohibit surcharges.
Legal Hurdles in 2013. The Credit Union Times ran a great article from Andy Keeney of Kaufman & Canoles on Legal Hurdles Facing Credit Unions in 2013. Be sure to take a look and pass along to your colleagues.
NAFCU Members: Don’t miss NAFCU’s first Member Call-In of 2013 – February 12 at 3:30 p.m. EST. NAFCU’s President and CEO Fred Becker and NAFCU’s Government Affairs team will provide updates on the legislative, regulatory and compliance landscapes. The call is free, but you must register. New to 2013: You can submit questions in advance using the form here. Of course, if you have a specific compliance question you can always email NAFCU’s Compliance team directly.
Extra Savings for School & Seminar end on Thursday. NAFCU is offering $100 off any conference through Thursday, January 31st. This includes NAFCU's Regulatory Compliance School (March 18-23 at National Harbor, MD) and NAFCU's Regulatory Compliance Seminar (October 22-25 in Nashville, TN).
Use the promo code NEWYEAR when your register to get the $100 off.
School & NCCO Exams. For those of you registered for School (or considering it), we've put together some FAQs on the process for taking the NAFCU Certified Compliance Officer (NCCO) exams. We'll also have a NCCO Exam orientation on Sunday, March 17th (optional) as well as quick NCCO Study Sessions at the end of each day to help you keen in on which issues to study for the Exams.