Compliance
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Housing status adds to fair lending concerns
The practice of adding a housing expense to the debts of applicants who don’t have that type of expense could have a disparate impact on young borrowers.
CFPB steps up oversight of consumer info
The Consumer Financial Protection Bureau has prioritized the consumer reporting market for oversight.
Compliance
Training your mortgage loan originators
Credit unions frequently ask CUNA’s compliance team about the mandatory training requirements that federal law and regulations impose on credit union employees
Concentrating on compliance
'I really enjoy compliance issues and being able to help make my co-workers' jobs easier.'
Fan club adores 'compliance queen'
Compliance guru helps CUs traverse mountains of regulations.
A champion for small CUs
'Lorri continues to fight for small CUs and their members, many of whom need a small or niche CU to meet their financial service needs.'
NCUA's Metsger: Collaboration between agency, CUs is essential
'We will ensure that you’re serving safely and soundly, but we’re not going to micromanage your business.'
The High Cost of Regulatory Burden
The cost of regulatory burden is enormous and growing, according to the Regulatory Burden Financial Impact Study from CUNA and Cornerstone Advisors.
Fine-Tune Your SAR System
Suspicious activity reporting forms the cornerstone of the Bank Secrecy Act reporting system and is critical to combating terrorist financing, money laundering, and other financial crimes.
BSA: Don’t Just Train It—Understand It
How do you ensure your staff is fully prepared to maintain BSA compliance? The job starts with the trainer.
Making Compliance Understandable
'The more efficient our team is, the more it can focus on providing solutions for members.'
Review Your Automated Member Communications Practices
The FCC ruling has provided little comfort and almost no practical safe harbors.
Transform Your Audit/Supervisory Function
Risk isn’t a virus to crush, and the organization’s assurance processes aren’t a plague to avoid.
A New Risk Mindset
Board involvement in governance, risk management, and compliance (GRC) is crucial.
Exporting Advocacy
CUs in Ukraine are entering the advocacy arena to better serve members.
Advocates Embrace the Long Game
In-district visits build lasting relationships with lawmakers.
4 Steps to a Robust Planning Process
First-rate strategic plans require attention, discipline, resources, and frequent updates.
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What's Trending
Compliance: What should CUs know about ESIGN?
For credit unions, the Electronic Signatures in Global and National Commerce Act of 2000 means information required to be made available can be delivered electronically, as long as the credit union complies with its requirements.
CUNA engaged w/ Congressional efforts to exempt CUs from MLA
While the DOD has affirmed the Military Lending Act’s effective date for credit card accounts of Oct. 3, CUNA is engaged with legislators to build support for efforts to exempt credit unions from the rule.
Hampel: ‘Economy shows no sign of aging’
The economy is now in its ninth year of recovery—the third longest expansion in U.S. history, says Bill Hampel, CUNA’s chief economist/chief policy officer.