Compliance

Compliance Challenge: Cancel Those Vacation Plans

July 01, 2008
Compliance Challenge: Cancel Those Vacation Plans July 1, 2008 By Kathy Thompson Forget summer vacation. There are just too many comment letters due in the next couple of months. We need your input—even if it's on the back of a postcard with a picture of the beach or written with... READ MORE

Compliance Q&A: Flood Determinations

July 01, 2008
Compliance Q&A: Flood Determinations July 1, 2008 Q What should you do if a member challenges a flood determination that concludes a security property is in a special flood hazard area (SFHA)? A The credit union can review the flood determination, or request that the certification company double-check the results.... READ MORE

Compliance Q&A

June 01, 2008
Compliance Q&A June 1, 2008 By Valerie Moss Q Is a credit union required to pay a check written on a member's account if that check is presented more than six months later? A No--except for certified checks, according to Article 4, Section 404 of the Uniform Commercial Code. Although... READ MORE

Compliance Challenge: May Day and 'Mayday'

June 01, 2008
Compliance Challenge: May Day and 'Mayday' June 1, 2008 By Kathy Thompson Editor's note: Some links in this article go to CUNA's members-only pages and are available only to affiliated credit unions. It's amazing what capitals and spaces and inflections can do to change the meaning of words. When you... READ MORE

Compliance Q&A

May 01, 2008
Compliance Q&A May 1, 2008 By Valerie Moss Q How long should credit unions retain records related to compliance with Office of Foreign Assets Control (OFAC) regulations? A Five years. For items rejected in accordance with OFAC regulations, credit unions must maintain records for five years from the date of... READ MORE

Compliance Q&A

April 01, 2008
Compliance Q&A April 1, 2008 Q Can federally insured credit unions accept appraisals transferred from other financial institutions? A Yes, so long as: The appraiser is engaged directly by the institution transferring the appraisal; The appraiser has no direct or indirect interest in the property or transaction; The existing appraisal... READ MORE

Compliance Challenge

April 01, 2008
Compliance Challenge April 1, 2008 By Kathy Thompson Editor's note: Some links in this article go to CUNA's member's only pages, and are available only to affiliated credit unions. I'm just recovering from CUNA's Governmental Affairs Conference (GAC), so be a little patient as I dig out and catch up... READ MORE

Compliance Challenge: Coming Attractions

March 01, 2008
Compliance Challenge: Coming Attractions March 1, 2008 By Kathy Thompson The Golden Globe Awards were reduced to a press conference, the SAG awards were relegated to cable, and a glitzy Academy Awards ceremony was up in the air due to the writers' strike. But that won't stop us from announcing... READ MORE

Compliance Q&A

March 01, 2008
Compliance Q&A March 1, 2008 By Valerie Moss Q What's the difference between "blocking" and "rejecting" a transaction under Office of Foreign Assets Control (OFAC) sanction programs? A Some OFAC-administered sanction programs require the "blocking" of assets, and others require the rejection of transactions. When the credit union blocks a... READ MORE

Compliance 2008: A to Z

March 01, 2008
Compliance 2008: A to Z March 1, 2008 By CUNA's compliance attorneys Editor's note: Many of the links in this article are available only to CUNA members . From risk A ssessment to Reg Z , a wide range of regulatory developments, examiner concerns, and potential congressional action will affect... READ MORE

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

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, […]

Penny for Your Thoughts – Give Your 2₵ on #CUNA Surveys

By now we are all aware of the Letter to Credit Unions sent in January by the NCUA, which stated that credit unions would be assessed civil money penalties if they did not meet the call report filing deadlines.  The first quarter filing deadline has come and gone, and as a result of late filing, […]

Viva Las Vegas #CUNA Lending

If you are sitting around wondering what you are going to do next week and can’t come up with anything exciting, you should join us in Las Vegas next week for CUNA’s Lending Compliance School. We will be hanging out with credit union folks and talking about all the exciting things going on in lending […]
More Stories

What's Popular

Popular Stories

Recent Discussion

Your Say: Should CUs Impose Age Limits for Directors?

View Results Poll Archive