Compliance

Reduce the ‘Silo Effect’ Risk

January 14, 2014
ERM is a “comprehensive risk-optimization process that integrates risk management across an organization.” READ MORE

Focusing on Real Regulatory Relief

January 14, 2014
CUs already received one gift to start the new year. READ MORE

CFPB Considers Debt Collection Rules

January 07, 2014
CFPB is seeking information from the public on many issues. READ MORE

Liquidity and Contingency Funding Plans

January 01, 2014
Effective March 31, 2014, all federally insured CUs will be subject to NCUA’s new liquidity regulation. READ MORE

CFPB’s Mortgage Servicing Requirements

December 31, 2013
Final rule covers periodic statement requirements, interest-rate adjustments, and more. READ MORE

Things I Think I Know

December 31, 2013
New disclosure requirements will not improve consumers' understanding of loan products. READ MORE

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

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

#BSA #AML Examination Manuel Update released

On December 2nd the Federal Financial Institutions Examination Council (FFIEC) released the much anticipated revised Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual. An update for this manual had not been released since 2010. The revisions clarify supervisory expectations and incorporate regulatory changes since the last update. Numerous revisions have been made throughout the manual. Sections […]

#FannieMae & #FreddieMac’s New Guidelines Aim to Make Mortgage Lending Easier

New guidelines from Fannie Mae and Freddie Mac took effect this Monday, with the intent of relaxing lending standards for borrowers.  The new guidelines provide clarification on when lenders can be penalized for making mistakes in mortgages they sell to Fannie and Freddie.  Prior to the update, lenders  cautious of making a mistake kept strict standards […]

Proposed Changes to Mortgage Servicing Rules

On November 20th the Consumer Financial Protection Bureau (“CFPB”) proposed to amend several mortgage servicing rules under both Regulation Z and Regulation X. The proposed rule is 492 pages long and to date has not been thoroughly vetted. However, let’s take a look at some of the highlights: Successors in Interest: A successor in interest […]
More Stories

What's Popular

Popular Stories

Recent Discussion

Your Say: What's Your Expected Loan Growth in 2015?

View Results Poll Archive