Compliance

FinCEN Releases Customer Due Diligence Proposal

October 01, 2014
Agency published its long-awaited customer due diligence proposal in August. READ MORE

Compliance Q&A: Counteroffer/Adverse Action Notice

October 01, 2014
Does a combined counteroffer/adverse action notice have to be followed up by another adverse action notice if the member doesn’t accept the counteroffer? READ MORE

What CUs Need to Know About U.S. Sanctions on Russia

October 01, 2014
In July, the U.S. Treasury Department imposed a broad-based package of economic sanctions on entities in the financial services, energy, and arms or related sectors of Russia. READ MORE

CFPB Issues New HMDA Reporting Proposal

October 01, 2014
Agency seeks to expand information requirements and revise the reporting threshold. READ MORE

Four Stages of a Compliance Audit

September 22, 2014
Customize your audit program based on your CU’s assets, products, and delivery methods. READ MORE

Audit for Compliance

September 02, 2014
A robust internal compliance audit program limits exposure to regulatory entanglements or costly litigation. READ MORE

Compliance Q&A: Regulation E

September 01, 2014
Does Regulation E require any specific wording to appear on a change-in-terms notice? READ MORE

Federal Agencies Launch Cybersecurity Web Page

September 01, 2014
FFIEC aims to heighten awareness of the need to identify, assess, and mitigate these risks. READ MORE

CFPB Clarifies Successors-in-Interest Rule

September 01, 2014
Heir's name generally may be added to deceased's mortgage without triggering ATR rule. READ MORE

FinCEN Highlights Bitcoin Transactions

September 01, 2014
FinCEN observed a rise in the number of SARs flagging virtual currencies as a component of suspicious activity. READ MORE

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

Attention! Attention! No action required ??!!!??

The CFPB issued a proposal in February of this year to suspend credit card agreement submissions, as required by Regulation Z, for a year while they work on their database, has been finalized. It...

It’s Not Suspicious, He Does it All the Time

Once, when I was conducting BSA training for front-line staff regarding suspicious activity, I gave them an example of a retired gentleman at the credit union that several times a week made multiple cash...

CFPB Mortgage Toolkit

Currently, under Section 1024.6 of Regulation X (RESPA) your credit union is required to provide the CFPB’s Settlement Cost Booklet on applications for the purchase of a 1-4 family residential property. In association with...
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