As senior vice president and regulatory and compliance counsel at the Cornerstone Credit Union League, Suzanne Yashewski reviews thousands of bills each legislative season.
The Treasury Department requires all federal benefit check recipients to switch to an electronic payment method by March 1, 2013. CUs can help members make the switch to direct deposit now.
Political science professors have been known to tell this joke to their first-year students. Recently, Congress has done an excellent job of living up to the spirit of that joke.
Google the word “compliance” and you get about 362 million results, which seems like the number of regulations credit unions are expected to comply with today.