Compliance

Surviving the Examination During Challenging Times

December 12, 2011
Proper preparation can be the 'transactional lubrication' your CU needs to reduce the regulatory friction of an exam. READ MORE

Compliance Q&A: NMLS Requirements

December 01, 2011
Are individuals engaged in mortgage loan modifications required to register on the Nationwide Mortgage Licensing System & Registry? READ MORE

Treasury Amends Check Reclamation Rules

December 01, 2011
FMS amended its reclamation rules, effective Oct. 19, 2011. READ MORE

Reg D & J Changes Ahead

December 01, 2011
Comments are due by Dec. 19, 2011. READ MORE

NMLS Offers Renewal Handbook

December 01, 2011
Guide will help mortgage loan originators through the SAFE Act annual renewal process. READ MORE

CUNA Aims to Ease CUs’ Reg Burden

December 01, 2011
Any new requirements that may emerge over the horizon will only add to the load CUs already must shoulder. READ MORE

Compliance: Never Let Your Guard Down

November 23, 2011
Penalties for violating ECOA can be quite severe. Just ask a small bank in Texas. READ MORE

Stay On Track With Policy Updates

November 22, 2011
As this year winds down and we consider all the regulatory changes that have occurred, it’s important to reflect on one issue that might not always have been front and center: your credit union’s policies and procedures.  READ MORE

Mortgage Ads On the Straight & Narrow

November 22, 2011
In July, the Federal Trade Commission issued a final rule relating to unfair or deceptive acts and practices in mortgage loan advertisements. READ MORE

NLRB Issues Notice Requirement

November 21, 2011
Agency issues final rule to require most private-sector employers to notify employees of their rights under the National Labor Relations Act. READ MORE

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

#CFPB is Watching for Deceptive #Marketing

Financial institutions were recently reminded of the importance of ensuring marketing materials, products, and services are not unfair, deceptive, or abusive. This month the CFPB ordered Bank of America to pay $727 Million in consumer relief for illegal credit card practices. Bank of America was found to have misled consumers about the cost of the […]

TILA-RESPA Disclosure Implementation

Have you begun to look over the new requirements for the TILA-RESPA integrated disclosure rule? If not, don’t worry to much, yet. This rule was finalized and released in November 2013. This rule becomes effective on August 1, 2015. While there is some time before the effective date, I would not recommend waiting until next […]

Navigating the Muddy Waters of Flood Insurance Reform

One of the things PolicyWorks continues to assist our credit union clients with is wading through the deep waters of mortgage regulation. As CFPB Director Richard Cordray has acknowledged, many of the business practices implemented by the January 2014 mortgage rules have long been standards credit unions have adhered to. However, a tidal wave of […]
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Great article! Unfortunately, most employees don’t feel valued or appreciated by their supervisors or employers. In fact, research has shown that the predominant reason team members quit their jobs is because they don’t feel valued. This is in spite of the fact that employee recognition programs have proliferated in the workplace – over 90% of all organizations in the U.S. has some form of employee recognition activities in place. But most employee recognition programs are viewed with skepticism and cynicism – because they aren’t viewed as being genuine in their communication of appreciation. Getting the “employee of the month” award, receiving a certificate of recognition, or a “Way to go, team!” email just don’t get the job done. How do you communicate authentic appreciation? We have found people have different ways that they want to be shown appreciation, and if you don’t communicate in the language of appreciation important to them, you essentially “miss the mark”. Additionally, employees need to receive recognition more than once a year at their performance review. Otherwise, they view the praise as “going through the motions”. A third component of authentic appreciation is that the communication has to be about them personally – not the department, not their group, but something they did. Finally, they have to believe that you mean what you say. How you treat them has to match the words you use. If you are not sure how your team members want to be shown appreciation, the Motivating By Appreciation Inventory (www.appreciationatwork.com/assess) will identify the language of appreciation and specific actions preferred by each employee. You then can create a group profile for your team, so everyone knows how to encourage one another. Remember, employees want to know that they are valued for what they contribute to the success of the organization. And communicating authentic appreciation in the ways they desire it can make the difference between keeping your quality team members or having a negative work environment that everyone wants to leave. Paul White, Ph.D., is the co-author of The 5 Languages of Appreciation in the Workplace with Dr. Gary Chapman.

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