Compliance

Free Appraisals Must Be Provided to Applicants

May 01, 2013
The Regulation B amendment stems from Dodd-Frank Act alterations to the Equal Credit Opportunity Act concerning appraisals and other valuations. READ MORE

Compliance Q&A: FCRA

May 01, 2013
The law doesn't require CUs to provide written adverse action notices. READ MORE

Compliance Q&A: Debit Card Disputes

April 25, 2013
The Official Staff Commentary to Regulation E [Comment 1005.6(b)-2] states... READ MORE

More Mortgage Changes on the Horizon

April 15, 2013
The new rules already dominate compliance planning for the next year, but CUs must save capacity for potential disclosure changes. READ MORE

HUD Formalizes Discriminatory Effects Standard

April 14, 2013
The rule went into effect on March 18, 2013. READ MORE

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. READ MORE

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. READ MORE

Compliance Specialist Program has ‘Truly Been a Godsend’

April 03, 2013
Program saves CUs money while providing much-needed stability. READ MORE

Mortgage Lenders Prepare For June 1

April 01, 2013
The bulk of the new mortgage rules won’t take effect until next year READ MORE

Learn Strategies to Mitigate Cyberattacks

April 01, 2013
Distributed denial-of-service attacks cause Internet based service outages by overloading system resources, preventing legitimate users from accessing websites. READ MORE

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

#Mortgage Rescission: Lawsuit or Letter Required?

Earlier this month the U.S. Supreme Court agreed to weigh in on whether federal law requires borrowers to notify their lender in writing that they intend to rescind their mortgage or if the borrower must file a lawsuit making the claim, within a three year period. Now you may be thinking “Three YEARS!”  I thought […]

Another Year and Another Renewal for SAFE ACT

I figured I would get a good jump on the reminder for credit unions to renew registrations for your Mortgage Loan Originators (MLO) in order to comply with the requirements of the SAFE Act. With the holidays right around the corner , and year end for credit unions, I know it is a busy time for everyone. […]

#2014Election Results: What Does This Mean for Credit Unions?

Due in large part to the advocacy efforts of credit union supporters, 25 out of 29 pro-credit union Senate candidates were victorious on Tuesday.  In addition, credit union-supported candidates had a 92% success rate in House elections, with 336 of the 367 candidates coming out on top.  By and large, the midterm elections resulted in […]
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