Compliance

‘Know Before You Owe’ Continues to Evolve

October 01, 2012
CFPB’s “Know Before You Owe” project is an effort to combine the early disclosures required by TIL and RESPA into one document. READ MORE

Remittance Transfers: What Has Changed Since February?

September 20, 2012
Prepare now for the regulation, which goes into effect Feb. 7, 2013. READ MORE

SAFE Act Audit Deadline Approaching

September 18, 2012
The SAFE Act requires that credit unions subject to the Act’s requirements conduct an annual independent test. READ MORE

Problems With BSA E-Filing?

September 01, 2012
FinCEN mandated the electronic filing of Bank Secrecy Act (BSA) reports beginning July 1, 2012. READ MORE

Compliance Q&A: An Adverse Action Notice

September 01, 2012
Learn more about adverse action notices. READ MORE

FFIEC: Consider Risks of Outsourced Cloud Computing

September 01, 2012
Outsourcing to a cloud service provider offers potential benefits such as cost reduction, flexibility, and speed. READ MORE

Q&A Compliance: Servicemembers Civil Relief Act

August 13, 2012
This protection applies during active duty, which begins on the date service begins and ends when an individual is “separated” from military service. READ MORE

Align Marketing and Compliance

August 02, 2012
Well-intentioned marketers sometimes make mistakes that can have drastic consequences. READ MORE

Take a Proactive Approach to ID Theft

August 01, 2012
‘Our objective is to protect families from this potentially devastating crime.’ READ MORE

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

#FinCEN smuggling & trafficking guidance

Detecting and reporting suspicious transactions is essential in the financial industry. FinCEN issued an advisory last week to help financial institutions identify “red flags” to assist with the identification and reporting of suspicious financial activities connected with human smuggling and trafficking. Detecting and reporting: Important observations when interacting with members and throughout the credit unions […]

SCRA: An Acronym You Need to Know

In May, the United States Department of Justice announced a $60 million settlement with student loan servicer Sallie Mae for alleged violations of the Servicemembers Civil Relief Act (SCRA). As a result, the once seemingly forgotten 4th fair lending law now resumes its rightful place center stage. If it’s been awhile since your credit union’s […]

Elder Justice Site Launched

Whether it has become more common due to our aging society, or it is simply more prevalent in the news, elder abuse is receiving more attention as of late.  The Department of Justice felt that this topic was deserving of additional resources, and thus created an Elder Justice website. The website contains resources for victims […]
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