2. Third Quarter 2013 FTC – COPPA NACHA - Operating Rules Change NCUA – Loan Participations

3. Forth Quarter 2013 CFPB – International Remittance Transfers CFPB – Credit Access Rule

4. COPPA Requires: Online privacy policy; Notice to parents; Parental consenting to information collection and use; Parental access to their child’s personal information; Parents can prevent further use or collection of information; Maintain the confidentiality, security, and integrity of information; and Retain personal information collected online from a child for only as long as is needed for the purpose it was collected.

5. Operating Rules Change: Health Care Payments ACH Security Framework Notifications of Change for Single Entries Stop Payments

6. Loan Participation Requirements Amended: Purchasing credit unions subject to a concentration limit of $5 million or 100% of net worth, whichever is greater; Originating federal credit union risk retention requirement is 10%; risk retention requirement for other originating organizations is 5%, consistent with the requirements under the Dodd-Frank; Federally insured credit unions may establish different underwriting standards for loan participations.

7. 100 IRT Exemption Disclosures Temporary Exceptions

8. Disclosures:

9. Temporary Exceptions: Applies to credit unions; Credit Union may estimate the applicable exchange rate, back-end fees and taxes, and total funds to be received. Exceptions are limited and temporary and will only be available for qualified transfers through July 21, 2015.

10. The credit access rule allows: Joint-account income as an asset on credit applications.

11. Thank you for joining us for this overview of the Credit Union Compliance Connection. Stay Tuned……..