Association welcomes Westchester-Rockland shared compliance specialist

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Association Shared Compliance Specialist Paula Lynch

The New York Credit Union Association recently welcomed Paula Lynch, a shared compliance specialist to credit unions in the Westchester-Rockland Chapter. In her role, Lynch will spend time working on compliance-related matters for Palisades FCU, NorthEastern Engineers FCU, Educational & Governmental EFCU and Ocean Financial FCU, which is based on Long Island.

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CFPB raises reporting threshold for HELOCs under HMDA

cfpb-logoThe CFPB yesterday issued a rule amending the 2015 updates to the Home Mortgage Disclosure Act rule. The Bureau has temporarily changed reporting requirements for credit unions and banks that issue home-equity lines of credit, and clarified the information that financial institutions are required to collect and report about their mortgage lending.

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Mellin, Association staff meet with NCUA Region 1 director

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NCUA Region 1 Director Larry Blankenberger

Leadership from the New York Credit Union Association met last week with NCUA Region 1 Director Larry Blankenberger to discuss the agency’s restructuring plans and a wide-range of issues impacting credit unions.

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DFS unveils portal to report ‘cybersecurity events’

NYDFS-Logo-300x300The state Department of Financial Services last week launched a cybersecurity portal for state-charted institutions to report “cybersecurity events.” The portal provides state-chartered credit unions and other financial institutions with an avenue to securely transmit in real time all notifications required under New York’s cybersecurity regulation.

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