Compliance

Top Five Mortgage Compliance Issues to Address Now

October 23, 2013
CFPB’s new mortgage rules are a major pain point for CUs. READ MORE

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? READ MORE

FinCEN Reports a Decline in Mortgage Fraud SAR Filings

October 14, 2013
SAR filings grew every year between 2001 and 2011. READ MORE

Mortgage Servicing Rule: A Moving Target

October 01, 2013
The CFPB revisions to the mortgage servicing rule demonstrate the agency’s attentiveness to lenders’ concerns. READ MORE

CFPB Clarifies Ability-to-Repay and Mortgage Servicing Rules

September 26, 2013
These changes become effective Jan. 10, 2014, along with the rest of ATR and mortgage servicing rules. READ MORE

CFPB Publishes Mortgage Rules Readiness Guide

September 19, 2013
Updated periodically, the guide is designed for use by institutions of all sizes. READ MORE

Get Your Whole House in Order

September 16, 2013
Two areas warrant the particular attention of CU staff: fair lending policies and HMDA accuracy. READ MORE

Get Ready for CFPB’s Ability-To-Repay Rule

September 08, 2013
This final rule expands the ATR requirements to include most closed-end mortgages—with a few exceptions. READ MORE

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. READ MORE

NCUA Loan Participation Rule Effective Sept. 23

September 01, 2013
The NCUA Board approved a final rule in June to revise its loan participation rules READ MORE

The Works Blog The Works Blog is produced by PolicyWorks LLC, Des Moines, Iowa.

Teach Your Children Well #CUYouthMonth

To kick off National Credit Union Youth Month (April 1-30, 2015), I thought it would be appropriate to start a conversation regarding youth savings programs.  Credit unions across the country participate in various types...

Road Tripping, Ohio Style

“There’s nothing wrong with Ohio, except the snow and the rain,” according to my favorite band Bowling for Soup.   I had the opportunity to experience both types of precipitation on subsequent days this...

Small Creditor Comment Period Closing Soon…

On February 11th the Consumer Financial Protection Bureau (“CFPB”) published a rule in the Federal Register that proposes to expand the definition of small creditor under Section 1026.35 of Regulation Z. Currently a lender...
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