Credit Union Industry Happenings

TxDMV proposes rules relating to pre-licensing education and site visit criteria

Posted by on Sep 6th, 2019 in featured, link, news | Comments Off on TxDMV proposes rules relating to pre-licensing education and site visit criteria

TxDMV proposes rules relating to pre-licensing education and site visit criteria   The Texas Department of Motor Vehicles (TxDMV) has proposed amendments to §215.133, repeal of §215.102, and new §215.161 concerning site visit criteria, consignment GDN, and pre-licensing education for independent motor vehicle GDN holders. The proposed amendments are posted for public comment until 5:00 p.m. on September 23, 2019. The proposed language is attached and is also available on TxDMV’s website...

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TxDMV proposes rules related to salvage licenses and site visit criteria

Posted by on Sep 6th, 2019 in featured, link, news | Comments Off on TxDMV proposes rules related to salvage licenses and site visit criteria

TxDMV proposes rules related to salvage licenses and site visit criteria   The Texas Department of Motor Vehicles (TxDMV) has proposed amendments to Chapter 221 concerning salvage dealer endorsement, salvage vehicle agent license expiration, site visit criteria, independent GDN exempt from salvage license, and salvage license terms. The proposed amendments are posted for public comment until 5:00 p.m. on September 23, 2019. The proposed language is attached and is also available on TxDMV’s website...

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NCUA CU Express: Chairman Hood: NCUA Will Take Phased Approach to Implement FOM Rule

Posted by on Sep 5th, 2019 in featured, link, news | Comments Off on NCUA CU Express: Chairman Hood: NCUA Will Take Phased Approach to Implement FOM Rule

Chairman Hood: NCUA Will Take Phased Approach to Implement FOM Rule ALEXANDRIA, Va. (Sept. 4, 2019) – National Credit Union Administration Chairman Rodney E. Hood issued the following detailed statement in response to the Aug. 20, 2019, D.C. Circuit Court of Appeals decision in American Bankers Association v. National Credit Union Administration: “In response to the D.C. Circuit’s ruling, which largely upholds the NCUA’s field-of-membership rules, the NCUA will take a phased approach to implementing this decision. Such a phased approach is...

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New Law Amends Accessible Parking Spaces

Posted by on Aug 8th, 2019 in industry news, link, news | Comments Off on New Law Amends Accessible Parking Spaces

New Law Amends Accessible Parking Spaces The Texas Legislature has passed House Bill 3163 into law. This bill establishes some new rules for accessible parking spaces. On September 1, 2019, the Texas Department of Licensing and Regulation (TDLR) will start drafting the rules that implement the House Bill. The new law amends 469.052 of government code. The new rules are: The international access symbol must be painted on the parking space. The words “NO PARKING” must be painted on access aisles next to accessible parking spaces. The signs...

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TDI warns Texans to be on alert for towing scams (link)

Posted by on Jul 25th, 2019 in link, news | Comments Off on TDI warns Texans to be on alert for towing scams (link)

TDI warns Texans to be on alert for towing scams (link)

TDI warns Texans to be on alert for towing scams Read full Story here  

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AG Paxton Intervenes in Lawsuit (link)

Posted by on Jul 25th, 2019 in link, news | Comments Off on AG Paxton Intervenes in Lawsuit (link)

AG Paxton Intervenes in Lawsuit (link)

AG Paxton Intervenes in Lawsuit to Strike Down the City of San Antonio’s Unlawful Paid Sick Leave Ordinance | Office of the Attorney General Read full Story here  

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CFPB To Hold First Symposium On June 25

Posted by on Jun 15th, 2019 in industry news, link, news | Comments Off on CFPB To Hold First Symposium On June 25

WASHINGTON, D.C. – The Consumer Financial Protection Bureau announced today that its first symposium will be held on June 25 at 9 a.m. The symposium, part of a series announced earlier this year, will focus on the Dodd-Frank Act’s prohibition on abusive acts or practices. The symposium will be webcast on the Bureau’s website. The Dodd-Frank Act authorizes the Bureau to take enforcement, supervision, and rulemaking actions concerning unfair, deceptive, or abusive acts and practices (UDAAP). The meaning of abusiveness is less developed than the...

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Data Security in the Modern World-FSOC article (link)

Posted by on Feb 14th, 2018 in industry news | Comments Off on Data Security in the Modern World-FSOC article (link)

Data Security in the Modern World-FSOC article (link)

FSOC: Data Security in the Modern World- WASHINGTON – The Subcommittee on Financial Institutions and Consumer Credit held a hearing today to examine the current data security and breach notification regulatory regime, and identify potential opportunities to reform the current framework in order to reduce vulnerabilities and shortcomings in the system and better protect consumers. As reliance on technology increases, so do data breaches and increased risk to consumers and businesses in all sectors of the economy. Due in part to a patchwork of...

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CFPB issues Request for Information on Supervision Process

Posted by on Feb 14th, 2018 in industry news | Comments Off on CFPB issues Request for Information on Supervision Process

CFPB issues Request for Information on Supervision Process

CONSUMER FINANCIAL PROTECTION BUREAU ISSUES REQUEST FOR INFORMATION ON SUPERVISION PROCESSES WASHINGTON, D.C. — The Consumer Financial Protection Bureau (Bureau) today issued a Request for Information (RFI) about the Bureau’s supervision processes. The Bureau is seeking comments and information from interested parties to assist in assessing the overall efficiency and effectiveness of its supervision program and whether any changes to the program would be appropriate. This is the fourth in a series of RFIs announced as part of Acting Director...

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