Written by Steve Van Beek
There are a few upcoming deadlines to make sure your credit union is making progress on.
HMDA Reporting. The deadline for HMDA submissions is March 1, 2012. NCUA issued a Regulatory Alert earlier this month - 12-RA-01 - that highlights the reporting deadline.
ADA & ATMs. The March 15, 2012 deadline for compliance with the ADA requirements for ATMs is quickly approaching. Remember, document your process and your communications with your vendors as it could be useful if there are delays and the CU faces a lawsuit.
The speech output requirements apply to all ATMs and need to be in place by March 15, 2012. The physical access requirements apply to ATMs that are altered after March 15, 2012. The physical access requirements also apply to any new ATMs added after March 15, 2012. Existing ATMs that comply with the 1991 ADA standards for physical access and are not altered would not need to be modified. Additional information is available in last month's blog post.
Durbin - Unaffiliated Networks. The requirement for unaffiliated networks goes into place on April 1, 2012. This requirement means credit unions need to have two unaffiliated networks - such as one PIN network and one signature network - for processing transactions. Additional information and details on this requirement can be found in our January 30th blog post.
NLRB Notice. Credit unions should be posting the National Labor Relations Board (NLRB) Employee Rights poster by April 30, 2012. A couple past NAFCU blog posts discussed this issue in more detail: January 4, 2012 and December 2, 2011.
Comments