Compliance

Crises Create Compliance Burdens, and 'This One's a Doozy'

July 14, 2010
Sixty-one new regulatory pronouncements were made in 2009 and more are expected in 2010. How can CUs deal with this growing burden? READ MORE

Members Embrace Teen Card

July 08, 2010
A debit card geared to teenagers has generated strong interest among youth seeking financial independence and parents not yet ready to cede all financial controls. Meriwest Credit Union’s new Flow Account allows teenagers to carry a personal Visa Debit Card rather than cash. READ MORE

Compliance Q&A: FCRA and Prescreened Credit Offers

July 07, 2010

Q: Is a credit union allowed to use previously obtained credit report information to make prescreened credit offers?

READ MORE

Compliance Q&A: Good Faith Estimates

July 02, 2010
If a mortgage transaction involves residential property that is new construction, and the mortgage may not close for months, will this impact when you provide the good faith estimate to the borrower? READ MORE

Compliance Matters

July 01, 2010
At press time, the National Credit Union Administration (NCUA) and all of the federal banking agencies (except the Office of Thrift Supervision) had approved the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) regulations. READ MORE

NCUA Issues Four Prohibition Orders

June 08, 2010

Jason Rene Kisor, a former employee of Pen Air Federal Credit Union, Pensacola, Fla., was convicted of theft, embezzlement, ...

READ MORE

Comply With Internet Gambling Regs

June 01, 2010
June 1, 2010, is the compliance date for the Unlawful Internet Gambling Enforcement Act regulations. READ MORE

Gift Card Compliance Begins in August

June 01, 2010
This spring, the Federal Reserve Board amended Regulation E to implement the gift card provisions of the Credit Card Accountability, Responsibility, and Disclosure (CARD) Act of 2009. READ MORE

Compliance Q&A: Reg E and Negative Balance Fees

May 14, 2010
Does the new Reg E overdraft rule allow credit unions to charge a negative balance fee when the member’s ATM/debit card overdraft leads to a negative balance for a long period of time? READ MORE

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

Credit Cards

The CARD Act seems like it was issued so long ago, given all the regulatory changes we have had since then. And, given the time that has passed, you would think we would have the Act all figured out. Well, it seems there is still some confusion about what happens when you change the member’s […]

Join us @ #CUNA Regulatory Compliance School

Are you attending CUNA’s Regulatory Compliance School in Chicago next month? PolicyWorks has teamed up with CUNA to provide a seminar before and after Regulatory Compliance School (RCS) this September. Prior to the start of the school take a dive into marketing compliance and get hands-on experience applying marketing regulations to advertisements. Through this seminar you will: Gain […]

Comment on #CFPB HMDA Proposal

Recent regulatory activity has kept the industry writing comment letters in droves, but now is no time to stop writing letters! The CFPB recently proposed a rule updating the reporting requirements of the Home Mortgage Disclosure Act (HMDA). Significant provisions in the proposal include; an adjustment to the covered entities that must report HMDA data, […]
More Stories

What's Popular

Popular Stories

Recent Discussion

Your Say: Should CUs Impose Age Limits for Directors?

View Results Poll Archive