Compliance

Update on Identity Theft 'Red Flags'

July 19, 2010
Last year, identity theft was the Federal Trade Commission's (FTC) No. 1 consumer complaint category. READ MORE

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?

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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, ...

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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
Credit Union Magazine

Credit Union Magazine

October 2014

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

#CFPB Issues Final Privacy Rule

The CFPB’s final rule regarding the annual privacy notice was published in the Federal Register and is effective as of October 28, 2014. The final rule amends §1016.9(c) of Regulation P and provides an alternative method for delivering annual privacy notices. The rule is intended to allow credit unions to post their annual privacy notices […]

#EMV Liability Shift Deadline Less Than a Year Away

Apple Pay. Tokenization. NFC. Biometrics. There are so many buzzwords being talked about in the payments arena that it can be difficult to keep up.  Combine that with the fact that there seems to be a new data breach every week, and your head will be spinning.  While these new technologies are all exciting and […]

Introducing New PolicyWorks Team Members

Hello everyone!  As the two newest members to the PolicyWorks team Zac Pollock and I, Melinda Peterson, would like to introduce ourselves. As a Compliance Specialist, I am responsible for assisting credit unions with their compliance needs as well as being a resource for reviewing marketing materials and websites for compliance with federal regulations.  I […]
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