Compliance

NLRB Issues Notice Requirement

November 21, 2011
Agency issues final rule to require most private-sector employers to notify employees of their rights under the National Labor Relations Act. READ MORE

Debit Card Interchange FAQs

November 14, 2011
The Federal Reserve released a compliance guide that includes FAQs about the Electronic Fund Transfer Act. READ MORE

To File or Not to File?

November 14, 2011
Don't file Suspicious Activity Reports without questioning the decision-making process leading to them. READ MORE

Get Ready for a Compliance Deluge

November 09, 2011
The pace, complexity, and timing of today's regulatory changes are unprecedented, requiring CUs to rethink how they do business. READ MORE

Stand Up for Your Point of View With Regulators

October 27, 2011
Stand up for your point of view when you face disagreements with your examiners and regulators. READ MORE

Donovan: Threat to CU Tax Status Is Low—But Not Zero

October 27, 2011
For many reasons, Donovan says it's unlikely Congress will put CUs' tax status on the table. READ MORE

What Is Adverse Action?

October 15, 2011
The Dodd-Frank Act amended FCRA to require CUs to disclose that a credit score was used in taking any adverse employment action. READ MORE

Examiners To Disclose CAMEL Ratings

October 01, 2011
NCUA has instructed examiners to begin sharing CAMEL ratings with federally-insured, state-chartered credit unions during all on-site insurance reviews and supervision contacts. READ MORE

When ‘Free’ Means Free

September 26, 2011
Since the Federal Reserve issued its final rules on interchange fees, some financial institutions have eliminated free checking to recoup lost income. READ MORE

Interchange Fees and Routing

September 25, 2011
The Dodd-Frank Act amended the Electronic Fund Transfer Act by adding Section 920 regarding interchange transaction fees and rules for debit card transactions. 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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