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Now that the Super Bowl is over (congrats, Broncos!), the normal flow of the universe is to direct our attention to spring training. And that got me thinking…spring training…training…compliance… compliance training! (Hey, it’s how a compliance geek’s mind works – you know what I’m talking about!) Read more


I’ve had some great conversations with credit unions this week regarding their consideration to hire knowledgeable compliance staff, or to outsource many compliance functions to third party experts. Either option could be an appropriate choice depending upon the credit union. Read more


For the first time in eight years, the Federal Reserve made the decision to increase the Fed funding rate at the end of 2015. With so much time between rate changes, the event likely triggered a great deal of questions from lending staff who had never dealt with the like. Read more


Later this year, the Department of Defense’s revisions to the Military Lending Act (“MLA”) will take effect. As we get closer to the effective date of October 3rd be sure to stay tuned to The Works Blog. We’ll be going into much more detail about what these changes will mean for your credit union. However, due to an impending deadline related to MLA compliance we need to take a moment to touch on it now. Read more


Brian Godwin shares his personal experience of building a compliance program from the ground up how he cultivated a compliance culture. Read more


Planning to grow in 2016? Is marketing a key driver in that growth? Given the obvious visibility of effective marketing, it is important to ensure that materials are compliant. Read more


The buck stops with you. Credit unions citing vendor-related hurdles to compliance have heard this from regulators for years. Yet, that sentiment may be changing. Read more


Small financial institutions have as much obligation to enact anti-money laundering (AML) programs as other financial institutions, though they face different challenges.

Cindy Williams, vice president of regulatory compliance at PolicyWorks, gives compliance tips and tricks for small credit unions Monday during a presentation at the CUNA/National Association of State Credit Union Supervisors Bank Secrecy Act (BSA) conference. Read more


Do you ever feel like compliance training is constantly on your mind? If you answered yes, you may actually be doing it wrong. Read more


Well, the dreaded “October 3” date has passed and we are all still here, our doors are open, and members are conducting business as usual as if nothing momentous such as, oh I don’t know, maybe a major shake-up in mortgage origination happened. Whew! Read more


Choosing the right Cloud provider might sound like the realm of IT, but it often falls upon the credit union compliance officer. Either way, compliance will be part of the process. What risks should your CU be considering before signing a cloud contract? Read on to find out. Read more


Fine-tooth comb compliance strategies are becoming more common across the credit union movement – and for good reason. Today’s regulatory environment accepts nothing less than great attention to detail from staff across all departments. Credit union marketers and branch managers, for instance, are challenged to ensure even their signage is up to regulatory snuff. Read more


The following checklist is designed to get you thinking about key issues to consider when developing your own website compliance checklist. Read more


Regulators add hundreds of credit unions to the ranks of the regulatory relieved, but the impact remains to be seen.
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PolicyWorks' parent company, Affiliates Management Company (AMC), has been selected as one of the top places to work in the state of Iowa for the second year in a row based on employee survey results. Read more


Remember that after October 3rd the Integrated Disclosure Rule (“TRID”) provides that the appraisal fee is subject to a zero tolerance threshold. Read more


A recent report by the Financial Action Task Force identified gold as an increasingly common method of money laundering and terrorist financing. Why? Because it is anonymous and easily exchangeable. Read more


Strategic compliance management systems will be critical to all FIs by 2020 insists one analyst, who says CUs must get moving now to establish the systems that will eventually be required by examiners. Read more


Effective October 3rd, property appraisals will generally be subject to a zero tolerance threshold under the Integrated Disclosure Rule (“TRID”). TRID provides that fees paid for a third-party settlement service for which the member is not permitted to shop fall into the zero tolerance category. What this means for your credit union is that the appraisal fee you disclose on the Loan Estimate must be exactly what the member is required to pay at closing, absent the occurrence of a valid changed circumstance. Read more


Credit unions extending credit secured by structures in special flood hazard areas better familiarize themselves with NCUA’s new flood insurance requirements. Read more

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