WEB SITE COMPLIANCE CHECKLIST - ACUIA

WEB SITE COMPLIANCE CHECKLIST

Website Data: URL Number of Internal Hyperlinks External Links That Do Not Have a Banner

Number of Web Pages Number of External Hyperlinks

Number of Files

Number of Picture Files

Number of Broken Links

Links That Do Not Work Pages that have an excessive download time (Greater than 30 seconds at 28.8)

Notes:

Page 1 of 17

WEB SITE COMPLIANCE CHECKLIST

Compliance Requirement

NCUA Insurance Disclosures

Do the appropriate pages include the official NCUA sign and insurance statement?

Applicable Laws or Regulations

12 CFR Part 740

The home page and Web pages that advertise or describe insured deposit products must display the official NCUA sign and insurance statement.

It is no longer a requirement that all web pages carry the insurance statement in the banner, but the statement must appear with the banner.

November 2006 Update 06-CU-18

Credit unions must replace the old version of the official sign with the revised official sign at required locations, such as each station or window where the credit union normally receives insured funds or deposits in its principal place of business and all of its branches and on its internet page where it accepts deposits or opens accounts within six (6) months of the rule's effective date.

Credit unions must replace the old version of the official sign with the revised official sign on each document where it has chosen to include the official sign, including advertisements, marketing and promotional materials, disclosures, and others within one (1) year of the rule's effective date.

Web Pages

Comments

Visually inspect the size and content of each NCUA sign and insurance statement to ensure it is clear and conspicuous

Notes:

Page 2 of 17

WEB SITE COMPLIANCE CHECKLIST

Compliance Requirement

Fair Housing Act

Do the appropriate pages include the official Equal Housing Lender logo and notice?

Applicable Laws or Regulations 12 CFR Part 701.31

Web Pages

Comments

The required notice should appear with or be linked to the logo depicted.

Refer to page 17 for a copy of the required notice.

Visually inspect the size and content of each non-discrimination notice, such as the Equal Housing Lender Poster, to ensure it is clear and conspicuous

Truth in Savings

Deposit Advertising ? Without Rates Ask the following questions for every page that contains advertising for any deposit product.

Truth in Savings Reg. DD

Is page's content accurate and not misleading?

12CFR 230.8(a)

Is the credit union prepared to offer the products and services advertised?

12CFR 230.8(a)

Are the terms "free" or "no cost" avoided unless limited to products or services that have no maintenance or activity fees imposed on the account?

12CFR 230.8(a)

Is the term "profit" avoided when referring to interest paid on an account?

12CFR 230.8(a)

Notes:

Page 3 of 17

WEB SITE COMPLIANCE CHECKLIST

Compliance Requirement

Truth in Savings (Continued)

Deposit Advertising ? With Rates

Ask the following questions for every page that contains advertising for any deposit rates

Are rates stated as an "Annual Percentage Yield"?

If the abbreviation "APY" is used, has the term "Annual Percentage Yield" been stated at least once on the same page? If the page states the term "interest rate" in conjunction with the APY, is it no more prominent than the APY? Are the APYs and interest rates rounded to the nearest one-hundredth of one percentage point and expressed to two decimal places? If the page advertises tiered rate accounts and states an annual percentage yield, does it state all of the APYs for all tiers as well as the corresponding minimum balances required? If the page advertises stepped rate accounts and states an interest rate, does it state all interest rates and APY's, and the time period that each rate is in effect?

Applicable Laws or Regulations

Truth in Savings (Continued) Reg. DD

12CFR 230.8(b) 12CFR 230.8(b) 12CFR 230.8(b) 12CFR 230.3(f)(1) 230.8(b)1. (Commentary) 230.8(b)2. (Commentary)

Notes:

Web Pages

Comments

Page 4 of 17

WEB SITE COMPLIANCE CHECKLIST

Compliance Requirement

Truth in Savings (Continued)

Deposit Advertising ? With Rates (Continued) Ask the following questions for every page that contains advertising for any deposit rates If the page states the APY, does it also clearly and conspicuously disclose the following: ? Variable-rate notice if applicable (statement

that the rate may change after the account is opened)? ? Time APY is offered (or is accurate as of a specified date)?

? Minimum balance required to obtain the APY?

? Minimum opening deposit required?

? A statement that fees could reduce earnings on the account? (applies only to maintenance or activity fees)

Does the page advertise a time deposit (CD) and state an APY? If not, skip to to the next section Does the page advertising a time deposit (CD) and stating an APY also clearly and conspicuously disclose the following:

? Any time requirements (i.e., state the term)?

? Disclose the early withdrawal penalties?

Applicable Laws or Regulations

Truth in Savings (Continued) Reg. DD

12CFR 230.8I1 12CFR 230.8I2 12CFR 230.8I3 12CFR 230.8I4 12CFR 230.8I(5) 230.8I(5) 1. . (Commentary)

12CFR 230.8I(6)(I) 12CFR 230.8I(6)(ii)

Notes:

Web Pages

Comments

Page 5 of 17

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download