Compliance

Relief From the Compliance Burden

December 17, 2013
CUs face endless compliance challenges as the New Year approaches, particularly with new mortgage lending rules. READ MORE

Guidance on Mortgage Servicing Rules

December 09, 2013
The CFPB aims to provide “greater clarity to the market” concerning mortgage servicing rules that take effect in January 2014. READ MORE

Compliance Q&A: Reg B Copies of Appraisals/Valuations

December 01, 2013
What disclosure language should we use for the notice of the right to receive copies of appraisals/valuations under the amended Regulation B? READ MORE

CFPB Publishes Remittance Transfer Exam Procedures

December 01, 2013
The agency’s remittance transfer regulation went into effect on Oct. 28, 2013. READ MORE

Know the Rules on Holiday Gifts

November 27, 2013
As the holiday gift-giving season begins, it’s a good time to review your CU’s Bank Bribery Act policy. READ MORE

Beware Zombies, Vampires, and TCPA

November 25, 2013
Members must provide prior express written consent to receive marketing calls, texts, and faxes. READ MORE

Understand Payroll Card Rules

November 19, 2013
Employees are entitled to the protections of the Electronic Fund Transfers Act (EFTA), and Regulation E’s provisions applicable to payroll cards. READ MORE

Creating Awareness Among Regulators

November 12, 2013
Credit unions, owned by their members, are responsible for reporting to them, not the marketplace. READ MORE

Mortgage Servicing: What’s in Store?

November 01, 2013
As required by the Dodd-Frank Act, the CFPB will require periodic statements for most closed-end mortgages—not just open-end loans. READ MORE

Compliance Q&A: Remittances and Members' Foreign Purchases

November 01, 2013
Is the credit union considered a “remittance transfer provider” when a member uses his debit card to purchase goods from a merchant located in another country? READ MORE

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 […]
More Stories

What's Popular

Popular Stories

Recent Discussion

Your Say: Should CUs Impose Age Limits for Directors?

View Results Poll Archive