Compliance

'Tis the Season Of Regulatory Concerns

November 17, 2008
Mary Dunn   The economy will affect CUs, but the extent is unknown .   How some credit unions in certain parts of the country, as well as the National Credit Union Administration (NCUA), can brace themselves against the economic storm is an important issue for the credit union system. ... READ MORE

Beyond Order-Taking

November 17, 2008
Does your credit union want a successful call center that actively meets members’ needs?   It’s the simple things that make it work, say presenters at the 11th annual CUNA Operations, Sales & Service Council Conference in Williamsburg, Va.   Among their suggestions: Educate staff on how to approach each... READ MORE

Compliance Challenge: Party Planning

October 01, 2008
Compliance Challenge: Party Planning October 1, 2008 By Kathy Thompson Washington, D.C., is supposed to be a sleepy town in August, with all the politicians and their staff leaving—especially this year with all the partying in Denver and Minneapolis-St. Paul. But there's no partying for those of us in the... READ MORE

Compliance Q&A: FACT Act

October 01, 2008
Q Our credit union provides information to CUNA Mutual Group for use in marketing products and services to our members. Does this relationship trigger compliance with the Fair and Accurate Credit Transactions (FACT) Act's affiliate marketing rule? READ MORE

Compliance Q&A: Electronic Disclosures

September 01, 2008
Compliance Q&A: Electronic Disclosures September 1, 2008 By Valerie Moss Q The Federal Reserve Board clarified the requirements for providing electronic consumer disclosures last fall. When is the mandatory compliance date for these changes, and how will they affect the way credit unions deliver electronic disclosures? A Last fall, the... READ MORE

Compliance Challenge: Regulatory Blockbusters

August 01, 2008
Compliance Challenge: Regulatory Blockbusters August 1, 2008 Over the July 4 weekend I saw both "Up the Yangtze" (a documentary) and "Ironman" (a genre I call "movies with big explosion budgets"). As I looked at everything I wanted to review with you this month, I thought "how would this play... READ MORE

Compliance Q&A: Security & Shredding

August 01, 2008
Compliance Q&A: Security & Shredding August 1, 2008 By Valerie Moss   Q Must a federally insured credit union notify the National Credit Union Administration (NCUA) every time it identifies a possible security breach?   A No. NCUA's Part 748 (security program) and accompanying guidance (Appendix B) require credit unions... READ MORE

Compliance Challenge: Cancel Those Vacation Plans

July 01, 2008
Compliance Challenge: Cancel Those Vacation Plans July 1, 2008 By Kathy Thompson Forget summer vacation. There are just too many comment letters due in the next couple of months. We need your input—even if it's on the back of a postcard with a picture of the beach or written with... READ MORE

Compliance Q&A: Flood Determinations

July 01, 2008
Compliance Q&A: Flood Determinations July 1, 2008 Q What should you do if a member challenges a flood determination that concludes a security property is in a special flood hazard area (SFHA)? A The credit union can review the flood determination, or request that the certification company double-check the results.... READ MORE

Compliance Q&A

June 01, 2008
Compliance Q&A June 1, 2008 By Valerie Moss Q Is a credit union required to pay a check written on a member's account if that check is presented more than six months later? A No--except for certified checks, according to Article 4, Section 404 of the Uniform Commercial Code. Although... 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