Compliance

Compliance Matters

August 01, 2010

Garnishments and federal benefits, and UIGEA exam guidelines, and more.

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Update on Identity Theft 'Red Flags'

July 19, 2010
Last year, identity theft was the Federal Trade Commission's (FTC) No. 1 consumer complaint category. READ MORE

Crises Create Compliance Burdens, and 'This One's a Doozy'

July 14, 2010
Sixty-one new regulatory pronouncements were made in 2009 and more are expected in 2010. How can CUs deal with this growing burden? READ MORE

Members Embrace Teen Card

July 08, 2010
A debit card geared to teenagers has generated strong interest among youth seeking financial independence and parents not yet ready to cede all financial controls. Meriwest Credit Union’s new Flow Account allows teenagers to carry a personal Visa Debit Card rather than cash. READ MORE

Compliance Q&A: FCRA and Prescreened Credit Offers

July 07, 2010

Q: Is a credit union allowed to use previously obtained credit report information to make prescreened credit offers?

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Compliance Q&A: Good Faith Estimates

July 02, 2010
If a mortgage transaction involves residential property that is new construction, and the mortgage may not close for months, will this impact when you provide the good faith estimate to the borrower? READ MORE

Compliance Matters

July 01, 2010
At press time, the National Credit Union Administration (NCUA) and all of the federal banking agencies (except the Office of Thrift Supervision) had approved the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) regulations. READ MORE

NCUA Issues Four Prohibition Orders

June 08, 2010

Jason Rene Kisor, a former employee of Pen Air Federal Credit Union, Pensacola, Fla., was convicted of theft, embezzlement, ...

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Comply With Internet Gambling Regs

June 01, 2010
June 1, 2010, is the compliance date for the Unlawful Internet Gambling Enforcement Act regulations. READ MORE
CU Mag cover July 2014

Credit Union Magazine

July 2014

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

New Compliance Resource from the NCUA

The NCUA has recently published a “Consumer Compliance Regulatory Resources” page, on their website. The page does not contain any new guidance from the NCUA at this point, but is more of a resource for finding links to additional resources from the FFIEC, CFPB, and of course the NCUA.   Areas which are currently listed on […]

NCUA’s Proposed Appraisal Rule: The Sequel

Last week, we discussed the NCUA’s proposed rulemaking related to appraisals. In today’s post, I’ll discuss parts two and three of that proposal. Part two of the proposed rule seeks to establish consistency between credit unions and other banking agencies as to when an appraisal is required in connection with a real estate related transaction. […]

NCUA’s Proposed Appraisal Rule: Part One

On June 26th, the National Credit Union Administration (“NCUA”) published a proposed rule in the Federal Register related to appraisals. In today’s post, I’ll discuss part one of the proposed rule. Next Tuesday, I’ll discuss parts two and three. Currently, under Section 701.31(c)(5) of the NCUA’s rules and regulations, Federal credit unions (“FCUs”) are required […]
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