Compliance

Build on a Solid Foundation

April 14, 2013
To implement these rules, credit unions must amend policies and forms, train staff, and adopt new procedures. READ MORE

Collaboration Eases Compliance Burden for Wisconsin CUs

April 04, 2013
The concept rotates six compliance specialists employed by the League Services Corp. through 23 of the state's CUs. READ MORE

Compliance Specialist Program has ‘Truly Been a Godsend’

April 03, 2013
Program saves CUs money while providing much-needed stability. READ MORE

Mortgage Lenders Prepare For June 1

April 01, 2013
The bulk of the new mortgage rules won’t take effect until next year READ MORE

Learn Strategies to Mitigate Cyberattacks

April 01, 2013
Distributed denial-of-service attacks cause Internet based service outages by overloading system resources, preventing legitimate users from accessing websites. READ MORE

A Few Highlights from CUNA’s Governmental Affairs Conference

April 01, 2013
It’s time for another big idea, journalist and author Tom Brokaw told attendees of CUNA’s Governmental Affairs Conference in Washington, D.C. READ MORE

Beware Mortgage Servicing Rule Pollyanna

March 22, 2013
Collective sigh of relief over small servicer exemption is premature. READ MORE

Advanced Transaction Monitoring Mitigates ACH Fraud Losses

March 07, 2013
Cyber criminals have cost U.S. companies more than $15 billion over the past five years. READ MORE

The CFPB Is Keeping an Aggressive Pace

March 06, 2013
Prepare for a long path of increased regulatory changes affecting virtually every consumer product and service. READ MORE

More Regulatory Pressure in Store for CUs

March 01, 2013
Pay close attention to dotting regulatory i’s and crossing compliance t’s. 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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