Compliance

What will the CU movement look like in 2034—the centennial of the first federally chartered credit union? READ MORE

New approach by regulator isn't mean to cause undue burden on CUs. READ MORE

"We want all financial institutions—all of your competitors—to be held to the same kind of accountability that credit unions face every day." READ MORE

The Consumer Financial Protection Bureau is taking very seriously its role as protector of consumers against abusive credit providers. READ MORE

The Treasury Department requires all federal benefit check recipients to switch to an electronic payment method by March 1, 2013. CUs can help members make the switch to direct deposit now. READ MORE

Political science professors have been known to tell this joke to their first-year students. Recently, Congress has done an excellent job of living up to the spirit of that joke. READ MORE

Google the word “compliance” and you get about 362 million results, which seems like the number of regulations credit unions are expected to comply with today. READ MORE

CUs face a deluge of rules both baffling and complex. READ MORE

The Fair Credit Reporting Act limits consumer reporting agencies' ability to furnish reports containing consumers' medical information. READ MORE

In December 2011, the Consumer Financial Protection Bureau (CFPB) issued a report on its first three months of collecting credit card complaint data.  READ MORE

NCUA’s Office of Small Credit Union Initiatives (OSCUI) is offering yet another free webinar.  This webinar will discuss how collaboration can help Credit Unions compete and offer greater value to their members.   NCUA’s OSCUI typically fosters development for small, new and low income designation credit unions; however, this webinar is open to credit unions of [...]

Given the volume and complexity of the CFPB’s new mortgage rules related to Reg Z and Reg X, we haven’t focused much on the new Reg B appraisal rule. However, we are seeing some confusion with the timing requirements, so here is some information that hopefully clarifies the timing. The rule generally provides that a [...]

In January you were shocked at the sheer volume of mortgage rules.  From February through May you attended trainings, read summaries, or read the actual rules and began to understand them.  Now that you understand them, you know how difficult and time-consuming implementation of the new rules will be; and, now that summer is in full [...]