- 24/7 Federal Compliance Support
- Lending Audit Services
- Bank Secrecy Act Independent Test
- Website Compliance Audit
- Vendor Management Services
- Full-scale Compliance Audit Services
- Regulatory Training
Lending Audit Services
Credit unions are in an unprecedented regulatory environment that is changing daily. Lending laws and regulations are changing at a particularly rapid pace. Consider the CARD Act, appraisal standards, and the new Regulation Z advertising disclosures for mortgages – just to name a few. And, if your credit union offers multi-featured, open-end lending, you have additional regulatory burdens to face. Now more than ever, your credit union should ensure that its lending products and services are operating within the current regulatory environment.
Why do you need PolicyWorks’ Lending Audit Services?
- Regulations have never changed more quickly than in today’s environment.
- You’ll have peace of mind that your lending product offerings and operations are in compliance with any number of federal regulations.
- PolicyWorks has experience in drafting and reviewing lending policies and disclosures to ensure compliance with both existing and recently enacted regulations.
- The monetary, legal and public relations risks for noncompliance are potentially severe.
- All work is conducted by PolicyWorks’ professional staff who have years of experience with credit union regulations and operations.
- A customized, written report will be provided to you detailing any compliance problems and suggested resolutions.
- Our product is insured. And satisfaction is guaranteed.
What kinds of services can PolicyWorks provide for my credit union?
PolicyWorks can assist you with reviewing your lending products, disclosures and operations for compliance with any number of federal laws and regulations, including:
- Credit CARD Act of 2009
- Equal Credit Opportunity Act (ECOA)
- Truth in Lending/Regulation Z
- Real Estate Settlement Procedures Act (RESPA)
- Home Mortgage Disclosure Act (HMDA)
- Appraisals (Home Valuation Code of Conduct and NCUA guidelines)
- Servicemembers Civil Relief Act/Servicemembers Loan Rate Limitation Act (SCRA/SLRLA)
- SAFE Regulation
- Flood Insurance
- NCUA Rules & Regulations
- Fair Lending