Compliance

Compliance Q&A: Reg B Copies of Appraisals/Valuations

December 01, 2013
What disclosure language should we use for the notice of the right to receive copies of appraisals/valuations under the amended Regulation B? READ MORE

CFPB Publishes Remittance Transfer Exam Procedures

December 01, 2013
The agency’s remittance transfer regulation went into effect on Oct. 28, 2013. READ MORE

Know the Rules on Holiday Gifts

November 27, 2013
As the holiday gift-giving season begins, it’s a good time to review your CU’s Bank Bribery Act policy. READ MORE

Beware Zombies, Vampires, and TCPA

November 25, 2013
Members must provide prior express written consent to receive marketing calls, texts, and faxes. READ MORE

Understand Payroll Card Rules

November 19, 2013
Employees are entitled to the protections of the Electronic Fund Transfers Act (EFTA), and Regulation E’s provisions applicable to payroll cards. READ MORE

Creating Awareness Among Regulators

November 12, 2013
Credit unions, owned by their members, are responsible for reporting to them, not the marketplace. READ MORE

Mortgage Servicing: What’s in Store?

November 01, 2013
As required by the Dodd-Frank Act, the CFPB will require periodic statements for most closed-end mortgages—not just open-end loans. READ MORE

Compliance Q&A: Remittances and Members' Foreign Purchases

November 01, 2013
Is the credit union considered a “remittance transfer provider” when a member uses his debit card to purchase goods from a merchant located in another country? READ MORE

On-Demand Training for New Supervisory Committee Members

November 01, 2013
NCUA training videos give supervisory committee members at small and low-income credit unions a better understanding of their roles and responsibilities. READ MORE

CFPB Bulletin Highlights Furnisher Responsibilities

November 01, 2013
Furnishers of information to credit bureaus are responsible for investigating consumer disputes forwarded by the consumer reporting agencies. READ MORE

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

#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 […]

Elder Justice Site Launched

Whether it has become more common due to our aging society, or it is simply more prevalent in the news, elder abuse is receiving more attention as of late.  The Department of Justice felt that this topic was deserving of additional resources, and thus created an Elder Justice website. The website contains resources for victims […]
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