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Articles Tagged with 'compliance'
Liquidity and Contingency Funding Plans
January 01, 2014
Effective March 31, 2014, all federally insured CUs will be subject to NCUA’s new liquidity regulation.
Things I Think I Know
December 31, 2013
New disclosure requirements will not improve consumers' understanding of loan products.
Relief From the Compliance Burden
December 17, 2013
CUs face endless compliance challenges as the New Year approaches, particularly with new mortgage lending rules.
A 360º View
November 27, 2013
ERM reveals how risks are connected.
Lending in 2014: What’s in Store for CUs?
October 30, 2013
The emerging opportunity: First-time home purchases by generation Y.
Top Five Mortgage Compliance Issues to Address Now
October 23, 2013
CFPB’s new mortgage rules are a major pain point for CUs.
Compliance Q&A: Regulation E Remittance Transfer Rule
October 20, 2013
Does the rule apply to prepaid cards purchased at a CU and sent to someone in a foreign country?
No More Summer Slowdown in D.C.
October 01, 2013
CUNA will remain in the thick of any interchange developments, supporting credit union interests.
Compliance Q&A: Record Keeping Requirements for Prescreened Credit Offers
September 01, 2013
Anyone who makes a prescreened credit offer must maintain specific records for three years, per the Fair Credit Reporting Act.
CFPB’s Exam Procedures Are Valuable Tools
August 18, 2013
Review them to survive the tidal wave of new regulations and bolster your compliance efforts.
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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