At Iowa-based consultancy PolicyWorks, CEO Justin Hupfer says progressive FOM regulations within the bounds of the Federal Credit Union Act are important. He says credit unions should take the opportunity to advise the NCUA of changes in that area that would allow them to better serve consumers in their community. Read more

 

Credit union gets creative to develop in-house regulatory compliance expertise. Read more

 

With 2015 right around the corner, many of us are thinking of resolutions for the New Year. While it is a great idea in theory, there are times when we set goals that are impractical to reach. Read more

 

As credit unions use multiple channels to promote their offerings, staying compliant is getting more complicated, says Jennifer Anderson-Kapke, compliance attorney at PolicyWorks, LLC, sister company to CUES Supplier member The Members Group, Des Moines. Read more

 

Despite the added burden, don’t wait around to deal with TILA/RESPA changes... Erin O’Hern, regulatory counsel with PolicyWorks in Des Moines, IA has several recommendations. Read more

 

The Consumer Financial Protection Bureau’s proposed rules for prepaid will likely put a stop to tying the cards to overdrafts, and are only the bureau’s first volley against overdrafts, according to several analysts. Read more

 

Credit union gets creative to develop in-house regulatory compliance expertise. Read more

 

It’s that time of the year when industry veterans and Washington insiders start to predict what action the next Congress may take that could impact credit unions. Given the relative inactivity of Congress over the past twelve months, we may be wise to be cautious if we’re predicting much of a change from the status quo. Read more

 

Due in large part to the advocacy efforts of credit union supporters, 25 out of 29 pro-credit union Senate candidates were victorious on Tuesday. Read more

 

BSA compliance starts with well-trained staff. Read more

 

Regulator moves give compliance pros a mixed view of what's happening and what's to come. Read more

 

The proposed rule provides some reduced impact on credit unions, but by and large, it will nonetheless increase the compliance burden. Read more

 

Regulators have today’s credit card advertisements under an intense magnifying glass. As evidence of the increased attention on credit cards, the Consumer Financial Protection Bureau (CFPB) recently issued a bulletin on the marketing of credit card promotional APR offers. Read more

 

Thinking about 2015 yet? It’ll be here soon, along with new mortgage regs from the CFPB, perhaps risk-based capital changes from the NCUA, and now new “know your customer” requirements courtesy of the Financial Crimes Enforcement Network and the Bank Secrecy Act. Read more

 

Finding the necessary resources to address proposed rules in this regulatory environment can be a challenge, especially as credit unions are already weighed down with implementing final rules. However, the significant impact that the proposed rules could have on the long-term growth and direction of the credit union does not allow them to be ignored. Trade associations can help your voice be heard and ease the burden imposed on credit unions. Read more

 

The program calls for FFIEC members–the Office of the Comptroller of the Currency, the Federal Reserve Board, the FDIC, the CFPB and the NCUA–to include cybersecurity issues in regularly scheduled exams at more than 500 community institutions, including credit unions. Read more

 

he Idaho Credit Union League today announced its partnership with credit union compliance firm PolicyWorks to help its member credit unions stay on top of regulatory requirements and answer individual compliance questions. Read more

 

Brian Godwin covers a new compliance resource for credit unions. Read more

 

PolicyWorks' Regulatory Counsel, Erin O'Hern, provides a few of her top resources for credit unions to use when preparing for severe weather. Read more

 

PolicyWorks today announced an agreement with Reed & Jolly, PLLC, a well-known industry law firm, to provide its credit union clients with a resource for specific legal services. Read more

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