Compliance

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

Matz: NCUA Resources to Go Where Risks Are

October 31, 2013
Video interview with the NCUA chairman addresses stress testing, corporate assessments, and more. READ MORE

Top Five Mortgage Compliance Issues to Address Now

October 23, 2013
CFPB’s new mortgage rules are a major pain point for CUs. 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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