Posts Tagged ‘IOLTA’

NCUA issues regulatory alert guidance on new IOLTA coverage

Interest on lawyer trust accounts (IOLTAs), real estate escrow accounts and prepaid funeral accounts are now eligible to receive enhanced federal insurance coverage from the National Credit Union Administration (NCUA). In a regulatory alert (16-RA-02) [...]

Compliance: There’s much to know about new IOLTA rule

With share insurance coverage extended to interest on lawyers trust accounts (IOLTAs) and other similar escrow accounts starting Jan. 27, credit unions need to know their compliance requirements, as well as what accounts are covered. [...]

Dysfunctional Congress throws credit unions a bone

Dysfunctional Congress throws credit unions a bone

by: Henry Meier It is with gritted teeth that I congratulate Congress this morning for passing legislation (HR 3468) providing Share Insurance Coverage to credit unions holding Interest on Lawyer Trust Accounts (IOLTA). Passage of [...]

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