Compliance

A Proactive Regulatory Approach

March 20, 2012
New approach by regulator isn't mean to cause undue burden on CUs. READ MORE

Cordray: Guide & Support Us

March 20, 2012
"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

CFPB: Brace for Impact

March 01, 2012
The Consumer Financial Protection Bureau is taking very seriously its role as protector of consumers against abusive credit providers. READ MORE

Help Members Switch to Direct Deposit

March 01, 2012
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

Capitol Gridlock

March 01, 2012
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

C-O-M-P-L-I-A-N-C-E By The Letters

March 01, 2012
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

CFPB: A Cry From The Heart

February 10, 2012
CUs face a deluge of rules both baffling and complex. READ MORE

Handle Medical Information With Care

February 01, 2012
The Fair Credit Reporting Act limits consumer reporting agencies' ability to furnish reports containing consumers' medical information. READ MORE

Consumers Confused About Credit Card Terms

February 01, 2012
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 Posts List of Regs to Review

January 30, 2012
Under review in 2012 are rules governing bylaws, fields of membership, fixed asset ownership, mergers, corporate credit unions, and more. 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 […]
More Stories

What's Popular

Popular Stories

Recent Discussion

Your Say: Does Your CU Offer Subprime Loans?

View Results Poll Archive