Compliance

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

Compliance Q&A: Risk-based Pricing Notice Requirements

March 01, 2013
The Fair Credit Reporting Act requirements only apply to consumer credit. READ MORE

New Online Privacy Protection Rules Take Effect in July

March 01, 2013
The changes go into effect on July 1, 2013. READ MORE

Shifting the Liability

March 01, 2013
Important dates to remember regarding EMV migration. READ MORE

Don't Panic, But Start Developing Your EMV Strategy

March 01, 2013
Make sure your technology road map aligns with the EMV road map. READ MORE

Getting Through the Gridlock

March 01, 2013
Sadly, it’s hard to overstate the magnitude of Congressional gridlock. READ MORE

CFPB Adds to Stack of Mortgage Rules

February 28, 2013
In mid-January, the CFPB opened the floodgates, and mortgage lending rules began gushing out. READ MORE

Compliance Q&A: Adverse Action Notifications

February 19, 2013
Also, answers to questions about the Fair Credit Reporting Act and Office of Foreign Assets Control. READ MORE

Fixing the International Remittance Rule

February 18, 2013
We’re advocating for ample compliance time, in recognition of the fact that many vendors may need additional time to get ready. READ MORE

CUs’ Regulatory Burden Will Be Our Focus

February 18, 2013
We’ll urge Congress to exercise greater oversight on regulatory issues—to ensure accountability for agency actions. READ MORE

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

#VISA #MasterCard Zero Liability Changes

As of October 17, 2014 both VISA and MasterCard will be changing their zero liability policies.  Although they have the same effective date, there are a few key differences to the policy changes: MasterCard Zero liability policy will be expanded to include PIN-based POS and ATM transactions (currently these transactions do not qualify for zero […]

#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 […]
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