With a change in administrations, we often see changes from a regulatory perspective. One area receiving attention from the current administration are targeted efforts at protecting “protected classes” and serving the underserved, for example the NCUA’s recent letter reminding credit unions about prohibited acts under the Equal Credit Opportunity Act (ECOA). This week, the Consumer […]
Since the NCUA’s ability to have direct oversight over vendors sunset over twenty years ago in the aftermath of Y2K, the agency has consistently made the case internally and in testimony to Congress to regain such authority. The NCUA has most recently cited cybersecurity concerns as justification for vendor oversight authority. Instead of addressing any potential cybersecurity […]
As you know, part of forming a credit union service organization (“CUSO”) involves registering the company on the National Credit Union Administration’s (“NCUA”) CUSO Registry. Within sixty (60) days of the first credit union making an investment in the CUSO, the CUSO must register with the NCUA. The web-based registration process takes approximately fifteen minutes […]
Messick Lauer & Smith PC continues its semi-regular Webinar series. This Client Corner features CU Rise Analytics. Learn more about how CU Rise Analytics is helping credit unions to provide superior member service. Here is the link to this webinar: https://vimeo.com/478186485 For more information regarding CU Rise Analytics and their services, please visit their website: […]
Messick Lauer & Smith PC continues its semi-regular Webinar series. This Client Corner features DoubleCheck Solutions, LLC. Learn more about how DoubleCheck Solutions, LLC is helping credit unions to provide superior member service. Here is the link to this webinar: https://vimeo.com/459107418 For more information regarding DoubleCheck Solutions, LLC and their services, please visit their website […]
Messick Lauer & Smith PC continues its semi-regular Webinar series. This Client Corner features LenderClose. Learn more about how LenderClose is helping credit unions to provide superior member service. Here is the link to this video: https://vimeo.com/436912700 For more information regarding LenderClose and their services, please visit their website www.lenderclose.com
Using Remote Online Notarization In Response To COVID-19 There is no doubt that by now we have all encountered many challenges working and sustaining business during the pandemic. Mortgage lending, particularly, has faced numerous unique challenges, one of which is the access to the notary services required to close loans. With social distancing restrictions in […]
Messick Lauer & Smith P.C. will be running semi-regular webinars introducing clients to our other clients. It is a chance to spread the word about great products and services offered by CUSOs to the credit union industry. We are starting with Posh, a conversational AI provider. Here is a link to the recording of this […]
Due to the COVID-19 pandemic, many credit unions and CUSOs have been required to adjust. Most employees are working from home or performing their duties in a non-traditional manner. Third party relationships may have been altered or suspended entirely. Given the rapidly changing nature of the workplace and third party relationships, it can seem disorienting. […]
NCUA This week, the NCUA has issued a Letter to Credit Unions “NCUA Actions related to COVID-19” (Letter No: 20-CU-02). This NCUA Letter also contains FAQs regarding COVID-19, NCUA and credit union operations. These FAQs cover impacts to, and flexibility for, annual meetings and elections; FCU monthly board meetings; restrictions on branch access and branch […]
