Compliance

Prepare to Report Deposit Interest Paid to Nonresident Aliens

July 01, 2012
The IRS issued a regulation that will impact credit unions, banks, and other institutions. READ MORE

BSA E-Filing Now in Effect

July 01, 2012
CUs using the e-filing system may choose to electronically file either the legacy or new reports until March 31. READ MORE

CFPB Considers Mortgage Origination Rules

July 01, 2012
The CFPB plans to publish a Notice of Proposed Rulemaking this summer, and a formal comment period will follow. Expect final rules by January 2013. READ MORE

FFIEC Clarifies Interest-Rate Risk Advisory

July 01, 2012
The agency issued responses to frequently asked questions about its 2010 Advisory on Interest Rate Risk (IRR) Management. READ MORE

Mercer: Good Isn’t Good Enough

June 20, 2012
‘We can’t play at the same level by working harder using the same techniques.' READ MORE

Cheney: Look to the Future With a Common Purpose

June 19, 2012
Don’t let others define what CUs are and what they should be, CUNA's CEO urged ACUC attendees Monday. READ MORE

NCUA Responding to CU Exam Issues

June 13, 2012
The most efficient examinations are ones in which credit union officials and examiners treat each other as professionals and respect each other’s informed points of views. READ MORE

Prepare for Interest-Rate Risk Reg

June 13, 2012
Federally insured credit unions with more than $50 million in assets must comply with the IRR regulation, but federally insured credit unions with less than $10 million in assets are exempt. READ MORE

Know Before You Owe Mortgages: A Game-Changer

June 11, 2012
By proposing rules after soliciting feedback, CFPB has changed the rules of the rulemaking game—and spectators need to pay attention. READ MORE

Compliance Q&A: The Servicemembers Civil Relief Act

June 01, 2012
Does the SCRA allow a servicemember to terminate an auto lease? READ MORE

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

New Year’s Resolution: Brush up on TILA’s Right to Rescind?

In her post on November 18, 2014, my colleague Jennifer Anderson-Kapke made you aware of a case pending before the United States Supreme Court (“SCOTUS”) – Jesinoski v. Countrywide Home Loans. SCOTUS rendered its decision in the case on January 13th. Let’s take a look at what your credit union needs to know. Background On […]

Treasury Lightens Sanctions on Cuba

Anyone a fan of Cuban cigars?  Many people are.  And to be honest, this is probably motivated in part because of the unobtainable factor, since the US has had strong sanctions against Cuba for quite some time. What does this have to do with Credit Union compliance you ask?  Well, effective January 16th, a Cuban […]

#NCUA Releases Risk-Based Capital Proposal

Round two of the risk-based capital proposal has begun. The NCUA board in a 2 to 1 decision voted to issue a second risk-based capital proposal, which contains significant changes from the previously proposed rule. Most notably, NCUA adjusted the asset size of credit unions that are subject to the risk-based net worth ratio requirements. […]
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