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Articles Tagged with 'regulation'
Regulatory Compliance for Investments
July 31, 2013
CUNA expects NCUA to issue additional guidance on how to comply with its new investment rules.
Regulations We’d Rather Not See
April 07, 2013
These are the regulations that make credit union CEOs as neurotic as hypercaffeinated squirrels.
Prepare to Report Deposit Interest Paid to Nonresident Aliens
July 01, 2012
The IRS issued a regulation that will impact credit unions, banks, and other institutions.
Prepare for Interest-Rate Risk Reg
June 13, 2012
Federally insured credit unions with more than $50 million in assets must comply with the IRR regulation, but federally insured credit unions with less than $10 million in assets are exempt.
Top 10 ‘Additional Triggers’
March 22, 2012
The recent GAO report regarding NCUA and failed CUs was an eye-opener.
The Interaction of SCRA and Reg Z
March 22, 2012
The first thought a CU has when it learns a member is in the military or is about to go on active duty is that it will have to comply with the Servicemembers Civil Relief Act.
Compliance: The Consumer Is King
March 11, 2012
CUs can expect to face three major regulatory compliance issues this year: safety and soundness, fair lending, and Unfair Deceptive Abusive Acts and Practices.
Help Members Switch to Direct Deposit
March 01, 2012
The Treasury Department requires all federal benefit check recipients to switch to an electronic payment method by March 1, 2013. CUs can help members make the switch to direct deposit now.
Consumers Confused About Credit Card Terms
February 01, 2012
In December 2011, the Consumer Financial Protection Bureau (CFPB) issued a report on its first three months of collecting credit card complaint data.
Beware ATM Fee Lawsuits
January 02, 2012
CUNA and CUNA Mutual offer nine risk-mitigation strategies.
Credit Union Magazine
March 2014 digital edition
A New Payments Paradigm
Prepare for the End of Gridlock
Solving the Fannie and Freddie Puzzle
Involve Members in Unite for Good
Enhance Members’ Cross-Channel Experience
This is a great list, but falls short. Consider the myriad of other risks that can bring the credit union to its knees: Technology risks including viruses, trojans, data breaches and other forms of security compromises. People risks, including disgruntled employees, social engineering attempts, social unrest, prison breakout, social media entries that also affect the mentioned reputational risk. Environmental risks, which could include derailed or overturned chemical tankers,blizzards, hurricanes, tornados, sink holes (save the Corvettes!), earthquakes, mudslides, forest fires. Leaders always need to be asking themselves, "What could stop us from performing our mission?" A solid crisis management organization, coupled with a realistic, exercised business continuity plan is vital to ensure continued operations.
Cash America self reported the Ohio collections robo signing incident which was a violation of company policy. An outside investigation was conducted and findings were reported to the state and CFPB. Customers were refunded money due the company before any federal or state action was announced.
This important article managed to engage & inform in a few short minutes. Kudos, CU Magazine!
This is such a great example of credit unions giving back. The key with Complex Community is that they don't just do these acts of kindness just to do them. They are a part of their culture (as you noted). Before starting a similar program, other credit unions should do a deep dive into their culture and then match their program to who they are.
This article is spot-on regarding engagement. In fact, many credit unions need to replace their sales training with member engagement training. Your members don't want to be sold to--they want to be engaged with. Likewise, your front-line staff are not sales people--they are educators.
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Say: Who should be Credit Union Magazine's 2014 CU Hero of the Year?
William Armstrong, Northeast Community CU
Dan Morrisey, Queen of Peace Arlington FCU
William Rissel, Fort Knox FCU
Joni Senkpeil, Illinois CU System
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