Compliance

The Dodd-Frank Act

October 01, 2010
The Dodd-Frank Act creates hundreds of new rules. How many will affect CUs? READ MORE

More Details Emerge on Corporate CU Plan

September 28, 2010
NCUA will establish 'bridge corporates' to ensure the important services by the five conserved corporates to natural person credit unions regarding payments and settlement aren't disrupted. READ MORE

NCUA Adopts Corporate CU Reforms

September 27, 2010
The agency assumes control of three more corporates, announces a plan to isolate impaired assets, and finalizes stronger regulations. READ MORE

Regulations A to Z

September 20, 2010
Making sense of all the laws and regulations credit unions must deal with can be confusing. Take this sentence: "She violated Reg Z by pushing the APR off of the Reg CC and then adding it to the member's BSA disclosure." READ MORE

Overcome Compliance Fatigue

September 15, 2010
The complexity and volume of new compliance changes—and the short time required to implement these changes—has created a condition called "compliance fatigue." READ MORE

Compliance Matters

September 01, 2010
The new Consumer Financial Protection Bureau, insurance limits, SAFE Act update, and more. READ MORE

Compliance Q&A: Disparate Impact

September 01, 2010
Could assigning a "phantom" expense have a disparate impact on a protected class? READ MORE

Comply or Die

August 27, 2010
Think you can put off data security compliance to stretch a limited operating budget? Think again. READ MORE

Compliance Q&A: Good Faith Estimate Clarifications

August 26, 2010
How should credit unions document estimated charges for settlement services? READ MORE

Minimizing the Impact Of Interchange Provisions

August 19, 2010
While small issuers won't be covered by the Fed's rule on interchange fees, they'll still be affected by it. 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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