Compliance

Changing Course

February 18, 2009
David Klavitter The approach to advancing the CU legislative agenda may never be the same. Last November's election gave Democrats control of the White House and widened the party’s margins in both chambers of Congress. This alone is enough to alter the direction and tempo of Washington, D.C. But in... READ MORE

Top 10 Compliance Hotspots

February 18, 2009
CUNA’s Compliance Attorneys In addressing risks in 2009, review your CU’s compliance management structure. Compliance permeates every aspect of credit union operations: lending, collections, account opening and closing, marketing, investments, vendor relationships, employment, accounting, and governance. The list goes on. Some new and some never-ending compliance requirements are on the... READ MORE

Jump-Start SEG Business

January 23, 2009
LEAD STORY Community-chartered credit unions can benefit from select employee group (SEG) relationships as much as other credit unions. They just need to differentiate themselves from competitors and position themselves as a SEG benefit, says Ginger Salt, senior vice president of markets for $1.2 billion asset Truliant Federal Credit Union,... READ MORE

A Blizzard of Regulatory Change

January 23, 2009
Bill Klewin Lending regulation is reaching a frenzied pace. As I look out my window, I brace for the snow, slippery conditions, and bad drivers I’ll face on my commute. That’s a great analogy for what credit unions face on the regulatory compliance front, especially for lending-related regulations. For years,... READ MORE

Extreme Makeover: FMLA Edition

January 23, 2009
Karen Saul Changes aim to ease family and medical leave administration. The first-ever amendments to the Family and Medical Leave Act of 1993 (FMLA) became effective Jan. 16. The changes are intended to improve communication between employers, workers, and health-care providers. Highlights include: Military family leave. Two new entitlements became... READ MORE

A Tipping-Point Year for Regulatory Initiatives

January 23, 2009
Mary Dunn Some reg changes benefited CUs late last year. It's always dangerous starting out a new year by making predictions on how the months ahead will unfold. Yet it’s clear 2009 will be challenging for the economy and our nation. Credit unions also will face their share of issues,... READ MORE

IRS Form 990: Changes Headed Your Way

January 23, 2009
Nichole Seabron State-chartered CUs’ tax form gets an overhaul. The internal revenue Service (IRS) recently overhauled Form 990 (Return of Organization Exempt From Income Tax), the annual return state-chartered credit unions file. (Federal credit unions don’t file Form 990 because they aren’t subject to unrelated business income taxes.) According to... READ MORE

TwentyFour/Seven

December 23, 2008
LEAD STORY  Fraudsters Seek Out Staff Fraudsters are taking a more personal approach to their craft through social engineering, the practice of obtaining private or proprietary information to use illicitly. So says Karen Daeke, senior vice president of security administration at $16.4 billion asset State Employees’ Credit Union, Raleigh, N.C.,... READ MORE

Will HELOCs Survive Declining Home Values?

December 23, 2008
Michael McLain Reg Z permits creditors to change HELOC terms in some circumstances. With declining home values plus increasing foreclosures, unemployment, and bankruptcies, credit unions offering home equity lines of credit (HELOC) should understand how these situations affect their rights to modify HELOC terms and conditions. Take proper action to... READ MORE

Lean Times for CU Liens

December 23, 2008
Charles Williams In bankruptcy cases, ‘trustee-proof ’ your security interests. As an experienced loan officer at Curl Up and Dye Federal Credit Union, a midsize institution serving the cosmetics, hair-care, and grooming industries, you take pride in your vehicle lending programs. This morning, how-ever, you hold in shaking hands a letter... READ MORE

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

Credit Cards

The CARD Act seems like it was issued so long ago, given all the regulatory changes we have had since then. And, given the time that has passed, you would think we would have the Act all figured out. Well, it seems there is still some confusion about what happens when you change the member’s […]

Join us @ #CUNA Regulatory Compliance School

Are you attending CUNA’s Regulatory Compliance School in Chicago next month? PolicyWorks has teamed up with CUNA to provide a seminar before and after Regulatory Compliance School (RCS) this September. Prior to the start of the school take a dive into marketing compliance and get hands-on experience applying marketing regulations to advertisements. Through this seminar you will: Gain […]

Comment on #CFPB HMDA Proposal

Recent regulatory activity has kept the industry writing comment letters in droves, but now is no time to stop writing letters! The CFPB recently proposed a rule updating the reporting requirements of the Home Mortgage Disclosure Act (HMDA). Significant provisions in the proposal include; an adjustment to the covered entities that must report HMDA data, […]
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