White Papers

To obtain your copy of the paper paper, please click on the "download white paper" link below.

Think You Know Audits?   -  Apr 04, 2017
If you've heard about increased examiner scrutiny of compliance audits - or experienced that scrutiny first hand - you're not alone. Compliance officers, executives and board members from credit unions small, large and every size in between are all talking about what appears to be a higher expectation from regulatory agencies, including both state regulators and the National Credit Union Administration (NCUA).
Over the last few years, the rules and regulations behind mortgage lending have changed dramatically. And many credit unions feel as though they are facing an uphill battle. But with the right strategic partnerships, your credit union doesn't have to face this burden alone.
Hiring experienced compliance professionals has become difficult. The financial industry continues to see big changes, particularly in the area of regulatory compliance. And as these financial institutions juggle new rules and regulations, their need for an individual with an expansive skill set in compliance only increases. And if they are unable to locate that person, quickly training current staff can become expensive and time-consuming.
Managing Compliance Like an Expert   -  May 07, 2016
Tremendous growth and profitability are often accompanied by challenges. Such was the case for the $116 million Towpath Credit Union, an Ohio cooperative experiencing unprecedented demand for its loan products. As the lending program grew, so too did the credit union’s need for a proactive and comprehensive regulatory compliance strategy—one that would cover each of the credit union’s product and service lines. Towpath and its compliance partner, PolicyWorks, share the story of the credit union’s journey.
This whitepaper discusses the multitude of advertising regulations facing credit unions today. And the emergence of new marketing methods and technologies rule-makers haven't even contemplated that continue to complicate matters.
In this white paper, written by PolicyWorks CEO Justin Hupfer, we discuss credit union's strategies to ease their regulatory burden. In addition, two credit unions share their personal stories about how they were able to overcome compliance challenges by partnering with PolicyWorks.
PolicyWorks has prepared this white paper to help navigate those provisions of Biggert-Waters which are already in effect, those yet to come, and how passage of the Homeowner Flood Insurance Affordability Act has further altered the regulatory landscape.
This PolicyWorks white paper discusses the remaining mortgage compliance work credit unions will need to address in 2014, implementation of TILA-RESPA and testing of rules implemented in 2013. Addtionally, authors walk through best practices for testing of rules already implemented for mortgage-program compliance.