Compliance

It’s Time for an Auto Lending Compliance Tune-up

July 27, 2012
Compliance requirements differ for direct and indirect loans. READ MORE

NCUA to Create Office of National Examinations and Supervision

July 26, 2012
Office will oversee CUs with more than $10 billion in assets and corporate CUs. READ MORE

Three Additional Rules From CFPB

July 20, 2012
The Consumer Financial Protection Bureau addresses mortgage originator standards, high-cost mortgages, and escrow accounts. READ MORE

Care About the Rule-Making Process

July 02, 2012
Proposed rules are important to follow in this compliance environment. READ MORE

Compliance Q&A: Unlawful Internet Gambling Enforcement Act

July 01, 2012
Compliance questions and answers about the Unlawful Internet Gambling Enforcement Act and Electronic Fund Transfers. READ MORE

NLRB Notice On Hold

July 01, 2012
The notice is similar to the one already required by the Labor Department for federal contractors. READ MORE

Prepare to Report Deposit Interest Paid to Nonresident Aliens

July 01, 2012
The IRS issued a regulation that will impact credit unions, banks, and other institutions. READ MORE

BSA E-Filing Now in Effect

July 01, 2012
CUs using the e-filing system may choose to electronically file either the legacy or new reports until March 31. READ MORE

CFPB Considers Mortgage Origination Rules

July 01, 2012
The CFPB plans to publish a Notice of Proposed Rulemaking this summer, and a formal comment period will follow. Expect final rules by January 2013. READ MORE

FFIEC Clarifies Interest-Rate Risk Advisory

July 01, 2012
The agency issued responses to frequently asked questions about its 2010 Advisory on Interest Rate Risk (IRR) Management. READ MORE

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

#VISA #MasterCard Zero Liability Changes

As of October 17, 2014 both VISA and MasterCard will be changing their zero liability policies.  Although they have the same effective date, there are a few key differences to the policy changes: MasterCard Zero liability policy will be expanded to include PIN-based POS and ATM transactions (currently these transactions do not qualify for zero […]

#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 […]
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