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October 16, 2017

FCC Grants CUNA’s Request and Opens Telephone Consumer Protection Act (TCPA) Petition for Comment

Last week, the FCC granted CUNA’s request and put out its TCPA Petition for public comment. CUNA has requested the FCC to issue a declaratory ruling that the following be exempt from the TCPA’s prior express consent requirement:

  • Wireless informational calls to credit union member-owners with whom the credit union has an established business relationship; or
  • Where the call or text is free to the receiving party.

Comments to the petition are due November 6, 2017. We encourage all of our credit unions to comment on the petition before the comment deadline.

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October 5, 2017

League Submits Comment Letter to CFPB on Request for Information Regarding Small Business Lending Market

Joni Senkpeil, Illinois Credit Union League’s VP Compliance Solutions, has submitted a comment letter to then CFPB’s Request for Information regarding the Small Business Lending Market.

In the letter, Ms. Senkpeil urged the CFPB to exempt credit unions entirely from any kind of rulemaking regarding this, to protect credit unions and the members they serve from paying the high price of burdensome regulations. She also urged the CFPB to consider an alternative approach to defining small business in that there are concerns that the Small Business Administration’s size standards may lack current comprehensive data, economic validation and up-to-date analysis of industry categories. Further, the definition of small business is overly broad, multi-part and complicated.

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Accomplus blog

CECL -- FAQs on Credit Losses

Although it's only the beginning of 2017 and the compliance deadline seems far away, it’s not too early to begin implementation...

Lending January 3, 2017

Credit report sharing

We hope every one had a wonderful holiday and have made their resolutions and are ready to tackle the new...

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At Accomplus, our priority is to be a one-stop compliance shop for credit unions. Our industry is always changing, and it can be hard to keep up. That's where we come in. If you need compliance help, you'll get a collaborative and simplified experience here.

With sophisticated support and best-in-class services, we strive to help your CU operate more efficiently than ever before.

Accomplus
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  • Naperville, IL 60566-7107
  • Phone: 888-415-6145
  • Email: info@accomplus.net