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Articles Tagged with 'compliance'
HUD Formalizes Discriminatory Effects Standard
April 14, 2013
The rule went into effect on March 18, 2013.
Build on a Solid Foundation
April 14, 2013
To implement these rules, credit unions must amend policies and forms, train staff, and adopt new procedures.
Collaboration Eases Compliance Burden for Wisconsin CUs
April 04, 2013
The concept rotates six compliance specialists employed by the League Services Corp. through 23 of the state's CUs.
Compliance Specialist Program has ‘Truly Been a Godsend’
April 03, 2013
Program saves CUs money while providing much-needed stability.
More Regulatory Pressure in Store for CUs
March 01, 2013
Pay close attention to dotting regulatory i’s and crossing compliance t’s.
Compliance Raining on CUs’ Mortgage Parade
February 06, 2013
It is an era of mixed blessings for CUs and consumers.
Invest in Your Education This Year
February 01, 2013
A wide range of conferences, schools and institutes for CU professionals are available.
Compliance Q&A: OFAC-blocked Account
January 29, 2013
In most cases, Office of Foreign Assets Control (OFAC) regulations contain provisions to allow a financial institution to debit blocked accounts for normal service charges.
Fair Lending Will Heat Up Again in 2013
January 01, 2013
Here’s why you can expect fair lending compliance to heat up this year.
Advice From the Compliance Front Line
December 11, 2012
Top 10 list of must-do suggestions from credit union compliance professionals.
Credit Union Magazine
July 2014 digital edition
Slide Show: The Daily Duties of a Home-Based CU Manager
Regulators Focus on Interest-Rate Risk
Where Does it All Go?
A Social Media ROI Success Story
Happy 25th Birthday, Filene!
David, good point about the "recovering comfortably" comment. That was an editorial addition--which I'll remove.
Many good points but too rosy? Will the "Federal Reserve raise short-term interest rates 1% per year for the next three years, starting in 2015—“probably next year at this time” ? I have heard from other economist that the US government will go bankrupt if that happens due to the QE the fed has done for several years. Also it seems an exaggeration to say “We survived a heart attack,now the economy is recovering comfortably." Comfortably recovering is too ignore the economic stress that many members still live with daily that will eventually affect many credit unions.
Karan, Great article and insight. I would also recommend that you start getting those credit cards into the hands of the youth BEFORE they are in college. One of the best ways to reach this young generation is through mom and dad. Before the student goes to college, get them started with a credit card (even if mom and dad are joint on it). It's never too early to start marketing credit cards. Mark
I would respectfully disagree that transactional data is a good place to start. In my opinion, relationship data is a much better starting point. Transactional data tends to require more "mining" of thousands/millions of transactions to identify opportunities or threats. Relationship data, however, involves identifying and profiling your high-value relationships (those profitable relationships with multiple products/services, for example) and leveraging that information to attract/cross-sell similar members. Generally involves a bit less effort and quite a bit higher return.
Congratulations on a fine article. Perhaps the best advise is unsaid but exemplified throughout the article - namely avoiding the use of the term "Financial Literacy." The term is insulting and counterproductive because it implies that those who take the training are "Illiterate."
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