Compliance

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

Compliance Q&A: Regulation E Remittance Transfer Rule

October 20, 2013
Does the rule apply to prepaid cards purchased at a CU and sent to someone in a foreign country? READ MORE

FinCEN Reports a Decline in Mortgage Fraud SAR Filings

October 14, 2013
SAR filings grew every year between 2001 and 2011. READ MORE

Mortgage Servicing Rule: A Moving Target

October 01, 2013
The CFPB revisions to the mortgage servicing rule demonstrate the agency’s attentiveness to lenders’ concerns. READ MORE

CFPB Clarifies Ability-to-Repay and Mortgage Servicing Rules

September 26, 2013
These changes become effective Jan. 10, 2014, along with the rest of ATR and mortgage servicing rules. READ MORE

CFPB Publishes Mortgage Rules Readiness Guide

September 19, 2013
Updated periodically, the guide is designed for use by institutions of all sizes. READ MORE

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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